Prep For Success Inc
- Assets
- $6.7m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 36
- Location
- Pasadena, CA
- Founding
- 02/2003
- Data as of
- 06/2021
- EIN
- 95-4803963
Organization Overview
Prep For Success Inc is located in Pasadena, CA. The organization was established in 2003. According to its NTEE Classification (B02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Education and related organizations. As of 06/2021, Prep For Success Inc employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prep For Success Inc 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, Prep For Success Inc generated $2.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $2.8m during the year ending 06/2021. While expenses have increased by 8.3% per year over the past 6 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIAL EDUCATION SERVICES FOR CHARTER SCHOOLS THAT SPECIALIZE IN SERVING AT-RISK AND UNDERSERVED STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Salas Sp Edu Program Splst | 40 | $120,000 | |
Erica Carrillo Asst Sp Edu Dir | 40 | $120,000 | |
Thuy Macomber Lead School Psycholo | 40 | $108,007 | |
Natalie Vaganay Lead School Psycholo | 40 | $108,004 | |
Marlen Gastelum School Psychologist | 40 | $104,335 | |
Pathways Management Group Inc Management Company | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,345 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,914,381 |
| Total Revenue | $2,918,726 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $1,881,165 |
| Pension plans, employee benefits | $188,751 |
| Interest | $0 |
| Taxes | $153,848 |
| Depreciation | $3,567 |
| Occupancy | $32,422 |
| Travel, conferences, and meetings | $673 |
| Printing and publications | $0 |
| Other expenses | $181,163 |
| Total operating and administrative expenses | $2,772,990 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $2,772,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,459,574 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $252,471 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,290 |
| Net Investments - land, buildings, equipment | $2,378 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,275 |
| Total assets | $6,718,988 |
| Accounts payable and accrued expenses | $102,875 |
| Grants payable | $0 |
| Deferred revenue | $807,427 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $910,302 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Green Dot Public Schools National Los Angeles, CA | $10,551,526 | $15,630,320 |
Excellent Education Development Los Angeles, CA | $11,092,379 | $14,067,993 |
Digital Green Foundation San Francisco, CA | $24,571,129 | $22,099,634 |
Rio Hondo Education Consortium Whittier, CA | $3,342,079 | $7,995,836 |
Beyond 12 Education Inc Oakland, CA | $8,854,205 | $13,660,419 |
Accrediting Commission For Schools Western Association Of Schools An Burlingame, CA | $8,710,989 | $6,512,676 |
Great Hearts America Phoenix, AZ | $8,205,781 | $5,329,608 |
Propel A Charter Management Group Inc Covina, CA | $5,751,248 | $5,358,058 |
Internet Archive Us San Francisco, CA | $536,242 | $3,003,154 |
California Farmlink Aptos, CA | $29,554,658 | $8,944,569 |
Prep For Success Inc Pasadena, CA | $6,718,988 | $2,918,726 |
Excelsior Charter Group Victorville, CA | $7,432,677 | $3,516,558 |