College Preparatory School
- Assets
- $86.6m
- Revenue
- $24.1m
- Investments
- $0.0
- Employees
- 159
- Location
- Oakland, CA
- Founding
- 12/1962
- Data as of
- 06/2023
- EIN
- 94-1492272
Organization Overview
College Preparatory School is located in Oakland, CA. The organization was established in 1962. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2023, College Preparatory School employed 159 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College 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 06/2023, College Preparatory School generated $24.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $21.6m during the year ending 06/2023. While expenses have increased by 4.0% 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
THE COLLEGE PREPARATORY SCHOOL PREPARES STUDENTS FOR COLLEGE AND UNIVERSITY STUDY AND FOR PRODUCTIVE, ETHICAL LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PREPARATORY SCHOOL IS AN INDEPENDENT, CO-EDUCATIONAL DAY SCHOOL IN OAKLAND, CALIFORNIA, GRADES 9 THROUGH 12. FOR THE 2022-23 SCHOOL YEAR, THE COLLEGE PREPARATORY SCHOOL PROVIDED AN INSPIRING EDUCATION TO 369 STUDENTS, 25% OF WHOM RECEIVED APPROXIMATELY $2.9 MILLION IN NEED-BASED FINANCIAL AID. IN JUNE 2023, 95 SENIORS GRADUATED, WITH 93 MATRICULATING TO U.S. UNIVERSITITES AND 1 TO AN INTERNATIONAL UNIVERSITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mrunalini Parvataneni Board Chair | OfficerTrustee | 2 | $0 |
Liane Randolph Vice Chair & Secretary | OfficerTrustee | 2 | $0 |
Jessica Duran Treasurer | OfficerTrustee | 2 | $0 |
Yen Yen Chow Trustee | Trustee | 2 | $0 |
Michelle Cooper Trustee | Trustee | 2 | $0 |
Sebastian Digrande Trustee | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Overaa Construction | 6/29/23 | $2,922,410 |
Hines Service Inc Maintenance, Custodial, And Security | 6/29/23 | $861,009 |
Solar Technologies Solar Panel Materials And Installation | 6/29/23 | $204,245 |
Bay Area Charters Charter Bus Service | 6/29/23 | $102,585 |
Hy Floor & Gameline Painting Inc Gym Floor Replacement Materials And Inst | 6/29/23 | $199,946 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $169,333 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,619,067 |
| Noncash contributions included in lines 1a–1f | $162,054 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,788,400 |
| Total Program Service Revenue | $19,579,247 |
| Investment income | $1,569,115 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $156,386 |
| Net Income from Fundraising Events | $8,097 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,101,245 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,894,130 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,027,782 |
| Compensation of current officers, directors, key employees. | $664,299 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,502,865 |
| Pension plan accruals and contributions | $556,793 |
| Other employee benefits | $1,150,402 |
| Payroll taxes | $739,315 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $74,233 |
| Fees for services: Accounting | $94,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $418,794 |
| Advertising and promotion | $12,609 |
| Office expenses | $160,910 |
| Information technology | $526,686 |
| Royalties | $0 |
| Occupancy | $1,277,400 |
| Travel | $124,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $621,162 |
| Interest | $14,881 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,368,142 |
| Insurance | $396,045 |
| All other expenses | $8,471 |
| Total functional expenses | $21,571,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,252 |
| Savings and temporary cash investments | $18,120,851 |
| Pledges and grants receivable | $302,120 |
| Accounts receivable, net | $7,781,353 |
| 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 | $143,538 |
| Net Land, buildings, and equipment | $29,443,101 |
| Investments—publicly traded securities | $29,037,286 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,414,568 |
| Total assets | $86,639,069 |
| Accounts payable and accrued expenses | $674,144 |
| Grants payable | $0 |
| Deferred revenue | $17,107,142 |
| 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 | $418,469 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $18,199,755 |
| Net assets without donor restrictions | $38,908,624 |
| Net assets with donor restrictions | $29,530,690 |
| 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 | $86,639,069 |