Carolina International Preparatory School
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 45
- Location
- Greenville, SC
- Founding
- 03/2011
- Data as of
- 06/2022
- EIN
- 90-0590142
Organization Overview
Carolina International Preparatory School is located in Greenville, SC. The organization was established in 2011. 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 06/2022, Carolina International Preparatory School employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina International Preparatory School 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, Carolina International Preparatory School generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $981.4k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CAROLINA PREP IS A SCHOOL FOR PRESCHOOL THROUGH PRIMARY FORMED TO BUILD A DIVERSE, POSITIVE, STIMULATING LEARNING ENVIRONMENT WHICH VALUES EXCELLENCE IN ACADEMICS, LEADERSHIP, AND SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD A DIVERSE, POSITIVE, STIMULATING LEARNING ENVIRONMENT WHICH VALUES EXCELLENCE IN ACADEMICS, LEADERSHIP, AND SERVICE. EIGHTY-FIVE STUDENTS ENROLLED CURRENTLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Pariseau Executive Di | OfficerTrustee | 40 | $89,666 |
Brittney Clow Chair | OfficerTrustee | 0.5 | $0 |
Andrew Cali Treasurer | OfficerTrustee | 0.5 | $0 |
Sung Chong Vice Chair | OfficerTrustee | 0.5 | $0 |
Jumaah Goldberg Director | Trustee | 0.5 | $0 |
Vanessa Wilson Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $117,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,139 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,499 |
| Total Program Service Revenue | $1,033,153 |
| Investment income | $569 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,000 |
| 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 | $1,214,281 |
| 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. | $110,916 |
| Compensation of current officers, directors, key employees. | $55,458 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $490,943 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $46,587 |
| 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 | $0 |
| Advertising and promotion | $25,497 |
| Office expenses | $10,130 |
| Information technology | $0 |
| 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 | $47,347 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,746 |
| Insurance | $16,193 |
| All other expenses | $36,478 |
| Total functional expenses | $981,447 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $573,412 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,065 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,404,724 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,654 |
| Total assets | $2,004,855 |
| Accounts payable and accrued expenses | $1,118 |
| 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 | $918,743 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,265 |
| Total liabilities | $936,126 |
| Net assets without donor restrictions | $1,068,729 |
| 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 | $2,004,855 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Carolina International Preparatory School has recieved totaling $157.
| Awarding Organization | Amount |
|---|---|
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $120 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $37 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cannon School Inc Concord, NC | $52,291,449 | $28,580,834 |
Thales Academy Raleigh, NC | $136,454,160 | $55,473,682 |
Mt Paran Christian School Inc Kennesaw, GA | $56,928,804 | $29,889,603 |
Lake Norman Charter School Inc Huntersville, NC | $64,551,351 | $25,126,213 |
Greensboro Independent School Corporation Greensboro, NC | $42,520,891 | $22,760,621 |
Trinity School Inc Atlanta, GA | $133,203,671 | $25,058,941 |
Hammond School Columbia, SC | $54,753,815 | $20,190,119 |
Carolina Day School Inc Asheville, NC | $29,412,889 | $19,874,947 |
Summit School Inc Winstonsalem, NC | $46,496,346 | $18,682,492 |
North Cobb Christian School Inc Kennesaw, GA | $44,288,708 | $22,180,039 |
Piedmont Community Charter School Gastonia, NC | $39,263,540 | $16,321,598 |
Franklin Academy Inc Wake Forest, NC | $23,533,490 | $17,154,874 |