Gulliver Preparatory School Inc
- Assets
- $217.9m
- Revenue
- $98.0m
- Investments
- $0.0
- Employees
- 710
- Location
- Miami, FL
- Founding
- 03/2000
- Data as of
- 06/2021
- EIN
- 65-0900712
Organization Overview
Gulliver Preparatory School Inc is located in Miami, FL. The organization was established in 2000. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Gulliver Preparatory School Inc employed 710 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gulliver Preparatory 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, Gulliver Preparatory School Inc generated $98.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $75.9m during the year ending 06/2021. While expenses have increased by 2.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AN ACADEMIC COMMUNITY DEVOTED TO EDUCATIONAL EXCELLENCE, WITH A PERSONAL TOUCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFULLY OPERATED A PRIVATE SCHOOL WHICH PROVIDES EDUCATIONAL SERVICES TO APPROXIMATELY 2,220 STUDENTS FROM PRIMARY THROUGH TWELFTH GRADE FOR AN ENTIRE SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Clifton L Kling President & CEO | Officer | 50 | $599,071 |
Charles A Rue COO | Officer | 50 | $369,335 |
Francis Steel Head Of School | Officer | 50 | $367,554 |
Joseph E Goulart Vice President | 50 | $322,633 | |
Jonathan Schoenwald Asst Head Of School | 50 | $304,282 | |
Alejandro E Rodriguez Cto | 50 | $265,808 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nv2a Group Llc Construction | 6/29/21 | $3,507,591 |
Camcon Group Construction | 6/29/21 | $2,321,098 |
Sage Dining Services Inc Dining | 6/29/21 | $2,316,696 |
The Redland Company Construction | 6/29/21 | $1,292,890 |
Zyscovich Inc Architects | 6/29/21 | $541,832 |
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 | $5,930,387 |
| Noncash contributions included in lines 1a–1f | $16,164 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,930,387 |
| Total Program Service Revenue | $85,754,167 |
| Investment income | $1,621,511 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,675,541 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $57,003 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $98,038,609 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,000 |
| Grants and other assistance to domestic individuals. | $10,795,206 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,283,941 |
| Compensation of current officers, directors, key employees. | $1,283,941 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,451,832 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,428,820 |
| Payroll taxes | $2,536,539 |
| 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 | $760,386 |
| Advertising and promotion | $641,662 |
| Office expenses | $0 |
| Information technology | $1,566,034 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $993,290 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,233,910 |
| Insurance | $1,309,638 |
| All other expenses | $245,341 |
| Total functional expenses | $75,858,301 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,732,803 |
| Savings and temporary cash investments | $2,686,467 |
| Pledges and grants receivable | $3,848,021 |
| Accounts receivable, net | $92,810 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $25,849 |
| Prepaid expenses and deferred charges | $1,040,252 |
| Net Land, buildings, and equipment | $79,041,590 |
| Investments—publicly traded securities | $62,136,956 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,964,907 |
| Other assets | $314,292 |
| Total assets | $217,883,947 |
| Accounts payable and accrued expenses | $7,974,431 |
| Grants payable | $0 |
| Deferred revenue | $46,778,212 |
| Tax-exempt bond liabilities | $41,432,638 |
| 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 | $120,000 |
| Total liabilities | $96,305,281 |
| Net assets without donor restrictions | $113,402,477 |
| Net assets with donor restrictions | $8,176,189 |
| 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 | $217,883,947 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Gulliver Preparatory School Inc has recieved totaling $42,308.
| Awarding Organization | Amount |
|---|---|
Samara Fund Inc Burnsville, NC PURPOSE: GENERAL CHARITABLE PURPOSES | $17,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $10,000 |
United Way Miami Inc Miami, FL PURPOSE: GENERAL FUNDS | $9,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,189 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $119 |
Endowment Analysis
| Beg. Balance | $12,201,509 |
| Earnings | $3,086,019 |
| Net Contributions | $61,000 |
| Other Expense | $72,551 |
| Ending Balance | $15,275,977 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Academy Inc Miami, FL | $514,166,798 | $324,310,430 |
Pensacola Christian College Inc Pensacola, FL | $644,308,862 | $135,086,506 |
Florida Charter Educational Foundation Inc Ft Lauderdale, FL | $156,543,730 | $97,506,587 |
Pine Crest Preparatory School Inc Fort Lauderdale, FL | $333,237,666 | $117,032,606 |
Woodward Academy Inc College Park, GA | $297,987,009 | $85,209,091 |
Westminster Schools Inc Atlanta, GA | $596,739,021 | $99,709,851 |
Gulliver Preparatory School Inc Miami, FL | $217,883,947 | $98,038,609 |
Lovett School Atlanta, GA | $255,570,564 | $63,708,553 |
Ransom Everglades School Inc Miami, FL | $255,259,179 | $68,191,853 |
Bolles School Jacksonville, FL | $131,930,396 | $55,866,326 |
Miami Country Day School Inc Miami, FL | $132,305,093 | $52,562,056 |
Greater Atlanta Christian Schools Inc Norcross, GA | $104,910,212 | $44,897,863 |