Village Preparatory School Iii

Organization Overview

Village Preparatory School Iii is located in Cleveland, OH. The organization was established in 2017. 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, Village Preparatory School Iii employed 68 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Preparatory School Iii 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, Village Preparatory School Iii generated $6.6m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $7.4m during the year ending 06/2021. While expenses have increased by 16.6% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE SCHOOL'S MISSION IS TO SEEK TO PROVIDE A HIGH QUALITY, ACADEMICALLY RIGOROUS EDUCATION FOR THE COLLEGE BOUND SCHOLARS. THE SCHOOL EMPOWERS THEIR SCHOLARS TO THINK CRITICALLY, ASSUME SOCIAL RESPONSIBILITY, AND SERVE AS ADVOCATES FOR THEMSELVES AND THE COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE SCHOOL IS DEFINED BY THE HIGHLY STRUCTURED SCHOOL CULTURE FOUND IN MANY OF OUR NATION'S TOP-PERFORMING URBAN SCHOOLS. THE SCHOOL FOCUSES ON READING AND MATH INSTRUCTIONS INTEGRATING TECHNOLOGY, AND FEATURES TWO TEACHERS IN EACH CLASSROOM. TEACHERS ARE PASSIONATE AND COMMITTED, AND EVERY MINUTE IS USED TO THE FULLEST. ALTHOUGH YOUNG, THE SCHOLARS ARE HELD THE HIGH BEHAVIORAL AND ACADEMIC STANDARDS, AND UNDERSTAND THAT THEY ATTEND SCHOOL WITH COLLEGE AS THEIR LONG TERM GOAL. ALL CLASSROOMS ARE NAMED AND DECORATED AS SPECIFIC COLLEGE AS A CREATIVE WAY TO MOTIVATE AND REMIND SCHOLARS OF THEIR EDUCATIONAL OBJECTIVES. THE SCHOOL FREQUENTLY ASSESSES THE STUDENTS TO DETERMINE WITH STANDARDS HAVE BEEN MASTERED WITH STANDARDS DESERVE REVIEW AND REMEDIATION.


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Board, Officers & Key Employees

Name (title)Compensation
Molly Dubiel
Principal
$91,035
Jasmine Foster
Principal
$86,190
Alan Kopit
Chair
$0
Jeff Fast
Board Member
$0
Yolanda Polk
Board Member
$0
Sam Steinhouse
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $6,068,733
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$6,068,733
Total Program Service Revenue$83,373
Investment income $1,207
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 $6,611,992

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Village Preparatory School Iii has recieved totaling $49,691.

Awarding OrganizationAmount
Friends Of Breakthrough Schools

Cleveland, OH

PURPOSE: SCHOOL FUNDING

$49,691
View Grant Recipient Profile

Endowment Analysis

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