Capital Prep Harbor School Inc
- Assets
- $4.1m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 114
- Location
- Bridgeport, CT
- Founding
- 05/2015
- Data as of
- 06/2021
- EIN
- 47-3525777
Organization Overview
Capital Prep Harbor School Inc is located in Bridgeport, CT. The organization was established in 2015. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2021, Capital Prep Harbor School Inc employed 114 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Capital Prep Harbor School Inc 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 06/2021, Capital Prep Harbor School Inc generated $11.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.9% each year . All expenses for the organization totaled $10.7m during the year ending 06/2021. While expenses have increased by 28.1% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SCHOOL PROVIDES ITS STUDENTS WITH A YEAR-ROUND, COLLEGE PREPARATORY EDUCATION THAT DEVELOPS LIFELONG LEARNERS, LEADERS, AND AGENTS OF SOCIAL CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVING AS THE ANCHOR FOR STUDENT DEVELOPMENT, THE SCHOOL'S EDUCATORS PROVIDE AN EDUCATIONAL ENVIRONMENT THAT CREATES OPPORTUNITIES FOR ALL STUDENTS TO REALIZE AND FULFILL THEIR ACADEMIC, SOCIAL, AND CIVIC RESPONSIBILITIES. THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 793 STUDENTS IN GRADES KINDERGARTEN THROUGH TWELFTH DURING THE 2020-2021 ACADEMIC YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Beganski Superintendent | Officer | 50 | $189,318 |
Laurie Gonzalez Assistant Superintendent | Officer | 50 | $188,153 |
Dr Ayanna Carter Principal, Upper School | Officer | 50 | $137,296 |
Ronald Hawkins Principal, Lower School | Officer | 50 | $117,878 |
Thomas Mitchell Dean | 40 | $112,000 | |
Kenneth Perry Dean | 40 | $111,121 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Capital Preparatory Schools Inc Management Services | 6/29/21 | $821,080 |
Lindley Food Service Food Services | 6/29/21 | $187,547 |
Temppositions Eden Rand Ct Substitute Services | 6/29/21 | $113,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,133,693 |
| All other contributions, gifts, grants, and similar amounts not included above | $386,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,519,981 |
| Total Program Service Revenue | $9,095,069 |
| 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 | $11,615,050 |
| 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. | $828,146 |
| Compensation of current officers, directors, key employees. | $248,444 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,871,030 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $826,162 |
| Payroll taxes | $317,864 |
| Fees for services: Management | $1,122,876 |
| Fees for services: Legal | $18,692 |
| Fees for services: Accounting | $30,698 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $178,975 |
| Advertising and promotion | $0 |
| Office expenses | $71,529 |
| Information technology | $252,869 |
| Royalties | $0 |
| Occupancy | $830,142 |
| Travel | $0 |
| 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 | $361,672 |
| Insurance | $64,811 |
| All other expenses | $77,300 |
| Total functional expenses | $10,674,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,130,757 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $130,607 |
| Accounts receivable, net | $30,039 |
| 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 | $6,944 |
| Net Land, buildings, and equipment | $1,677,413 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $144,451 |
| Total assets | $4,120,211 |
| Accounts payable and accrued expenses | $256,473 |
| 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 | $718,055 |
| Total liabilities | $974,528 |
| Net assets without donor restrictions | $3,145,683 |
| 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 | $4,120,211 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Public Prep Charter School Academies Bronx, NY | $28,993,375 | $52,903,915 |
Achievement First Inc New Haven, CT | $52,811,061 | $64,422,955 |
Explore Excel Charter School Brooklyn, NY | $21,686,253 | $46,865,700 |
Rhode Island Mayoral Academy Cumberland, RI | $44,692,718 | $42,226,919 |
Brooklyn Prospect Charter School Brooklyn, NY | $14,747,543 | $42,286,541 |
Little Red School House Inc New York, NY | $50,588,811 | $36,915,940 |
True North Rochester Preparatorycharter School Rochester, NY | $31,478,453 | $41,687,630 |
Classical Charter Schools Bronx, NY | $15,984,342 | $34,614,781 |
Bronx Charter School For Excellence Bronx, NY | $63,378,035 | $40,736,120 |
Science Academies Of New York Charter Schools Syracuse, NY | $37,462,091 | $36,615,185 |
Neighborhood Charter School Of Harlem New York, NY | $14,146,226 | $29,485,952 |
Family Life Academy Charter School Bronx, NY | $22,096,110 | $34,718,608 |