Jackson Preparatory School Foundation
- Assets
- $43.7m
- Revenue
- $13.3m
- Investments
- $5.3m
- Employees
- 176
- Location
- Flowood, MS
- Founding
- 01/1991
- Data as of
- 06/2023
- EIN
- 57-0889451
Organization Overview
Jackson Preparatory School Foundation is located in Flowood, MS. The organization was established in 1991. According to its NTEE Classification (B24) the organization is classified as: Primary & Elementary Schools, under the broad grouping of Education and related organizations. As of 06/2023, Jackson Preparatory School Foundation employed 176 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson Preparatory School Foundation 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, Jackson Preparatory School Foundation generated $13.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $13.4m during the year ending 06/2023. While expenses have increased by 1.4% 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
JACKSON PREPARATORY SCHOOL FOUNDATION OPERATES A PRIVATE SCHOOL SERVING STUDENTS IN HINDS, MADISON, AND RANKIN COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JACKSON PREPARATORY SCHOOL FOUNDATION PROVIDES EDUCATION TO APPROXIMATELY 693 STUDENTS IN GRADES FIFTH THROUGH TWELVE. VARIOUS STUDENT ACTIVITIES ARE ALSO OFFERED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Elizabeth Upton Vice President | OfficerTrustee | 1 | $0 |
P David Andress Board Member | Trustee | 1 | $0 |
Joe Stradinger Secretary | OfficerTrustee | 1 | $0 |
Lou Ann Flatgard Board Member | Trustee | 1 | $0 |
Thomas Mack Mitchell Vice President | OfficerTrustee | 1 | $0 |
Marcelo Eduardo Treasurer | OfficerTrustee | 1 | $0 |
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 | $2,031,593 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,031,593 |
| Total Program Service Revenue | $10,764,788 |
| Investment income | $288,411 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,491 |
| Net Income from Fundraising Events | $33,405 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $124,045 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,261,733 |
| 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. | $671,626 |
| Compensation of current officers, directors, key employees. | $671,626 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,828,427 |
| Pension plan accruals and contributions | $106,634 |
| Other employee benefits | $444,636 |
| Payroll taxes | $475,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $235,110 |
| Advertising and promotion | $151,257 |
| Office expenses | $157,271 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $275,914 |
| Travel | $17,471 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $434,016 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,781,342 |
| Insurance | $0 |
| All other expenses | $843,571 |
| Total functional expenses | $13,388,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,562,073 |
| Pledges and grants receivable | $2,132,880 |
| Accounts receivable, net | $530,058 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100,000 |
| Inventories for sale or use | $604,063 |
| Prepaid expenses and deferred charges | $481,555 |
| Net Land, buildings, and equipment | $30,206,150 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,280,812 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $834,104 |
| Total assets | $43,731,695 |
| Accounts payable and accrued expenses | $773,121 |
| Grants payable | $0 |
| Deferred revenue | $2,369,777 |
| 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 | $14,479,121 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $17,622,019 |
| Net assets without donor restrictions | $20,532,487 |
| Net assets with donor restrictions | $5,577,189 |
| 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 | $43,731,695 |