Valley Preparatory School
- Assets
- $1.8m
- Revenue
- $2.6m
- Investments
- $1.3m
- Employees
- 35
- Location
- Redlands, CA
- Founding
- 08/1959
- Data as of
- 06/2022
- EIN
- 95-2001588
Organization Overview
Valley Preparatory School is located in Redlands, CA. The organization was established in 1959. 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, Valley Preparatory School employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Valley 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, Valley Preparatory School generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $2.1m during the year ending 06/2022. While expenses have increased by 3.3% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF VALLEY PREPARATORY SCHOOL IS TO INSPIRE EACH STUDENT TO REACH HIS/HER POTENTIAL THROUGH A STUDENT-CENTERED, ENRICHED COLLEGE PREPARATORY EDUCATIONAL PROGRAM FOR GRADES PRE-SCHOOL THROUGH EIGHT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMARY EDUCATION FOR PRESCHOOL THROUGH EIGHTH GRADE. AVERAGE ENROLLMENT IS 156 STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Black Head Of School | Officer | 40 | $141,975 |
Mary Jo Holmes President | OfficerTrustee | 7 | $0 |
Denise Bourne Vice President | OfficerTrustee | 2 | $0 |
Mary Jane Auerbacher Trustee | Trustee | 2 | $0 |
Jeff Martinez Treasurer | OfficerTrustee | 2 | $0 |
Shaheen Zakaria Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,990 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $203,305 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,295 |
| Total Program Service Revenue | $1,890,256 |
| Investment income | $95,715 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $79,291 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $47 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,562,121 |
| 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. | $141,975 |
| Compensation of current officers, directors, key employees. | $31,234 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,256,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $49,785 |
| Payroll taxes | $109,017 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,037 |
| Fees for services: Accounting | $24,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,678 |
| Advertising and promotion | $35,930 |
| Office expenses | $60,155 |
| Information technology | $31,161 |
| Royalties | $0 |
| Occupancy | $144,559 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $48,938 |
| Insurance | $16,277 |
| All other expenses | $48,931 |
| Total functional expenses | $2,120,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $186,963 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,131 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,350 |
| Prepaid expenses and deferred charges | $4,807 |
| Net Land, buildings, and equipment | $335,991 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,283,088 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,820,330 |
| Accounts payable and accrued expenses | $4,954 |
| Grants payable | $0 |
| Deferred revenue | $275,929 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,471 |
| Total liabilities | $282,354 |
| Net assets without donor restrictions | $1,529,652 |
| Net assets with donor restrictions | $8,324 |
| 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 | $1,820,330 |