Springfield Prep Realty

Organization Overview

Springfield Prep Realty is located in Springfield, MA. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Springfield Prep Realty 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 06/2022, Springfield Prep Realty generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $1.1m during the year ending 06/2022. While expenses have increased by 10.7% per year over the past 2 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF THE REALTY CORP IS TO OWN, BUILD, BUY, SELL, MANAGE, DEVELOP, AND LEASE REAL ESTATE FOR SPRINGFIELD PREPARATORY CHARTER SCHOOL SO IT CAN PROVIDE EDUCATIONAL SERVICES IN SPRINGFIELD, MASSACHUSETTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE PURPOSE OF THE REALTY CORP IS TO OWN, BUILD, BUY, SELL, MANAGE, DEVELOP, AND LEASE REAL ESTATE FOR SPRINGFIELD PREPARATORY CHARTER SCHOOL SO IT CAN PROVIDE EDUCATIONAL SERVICES IN SPRINGFIELD, MASSACHUSETTS.


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Board, Officers & Key Employees

Name (title)Compensation
William Spirer
President
$0
Sheriff Bologan
Director
$0
Sara Ross
Director
$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$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$1,311,651
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 $1,311,651

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