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← SANTA FE PREPARATORY SCHOOL

Form 990 for tax year 2022

Filed by SANTA FE PREPARATORY SCHOOL.

Totals

Total revenue
$15,200,830
Total expenses
$19,713,283
Contributions and grants received
$4,827,199
Grants paid
$8,339,436
Program service revenue
$9,253,899
Investment income
$939,691
Other revenue
$180,041
Total assets, end of year
$73,018,999
Total liabilities, end of year
$23,542,018
Net assets or fund balances, end of year
$49,476,981
Program services expenses (Part IX)
$16,019,199
Management and general expenses
$2,579,995
Fundraising expenses
$1,114,089
Program service expenses (Part III)
$16,019,199

Program services were 81.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $103,738

  • 1f · All other contributions, gifts and grants

    $4,723,461

  • 1g · Noncash contributions included above

    $17,868

  • 2a · Program service revenue: TUITION AND FEES, NET

    total $9,146,551 · related or exempt $9,146,551

  • 2b · Program service revenue: LUNCH REVENUE

    total $107,348 · related or exempt $107,348

  • 3 · Investment income

    total $528,414 · excluded $528,414

  • 6a · Gross rents

    real property $21,440

  • 6c · Rental income or loss

    real property $21,440

  • 6d · Net rental income or loss

    total $21,440 · excluded $21,440

  • 7a · Gross sales of assets other than inventory

    securities $2,963,064

  • 7b · Less cost or other basis and sales expenses

    securities $2,551,787

  • 7c · Gain or loss

    securities $411,277

  • 7d · Net gain or loss

    total $411,277 · excluded $411,277

  • 8a · Fundraising events: gross income

    $3,378

  • 8a · Fundraising events: contributions included on line 1c

    $103,738

  • 8b · Fundraising events: direct expenses

    $115,331

  • 8c · Net income from fundraising events

    total -$111,953

  • 11a · Other revenue: ERC REVENUE

    total $270,554 · excluded $270,554

  • 11e · Other revenue, total

    $270,554

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $360,302 · program services $360,302

  • 2 · Grants to domestic individuals

    total $7,979,134 · program services $7,979,134

  • 5 · Compensation of officers, directors and key employees

    total $693,372 · program services $490,195 · management and general $175,554 · fundraising $27,623

  • 7 · Other salaries and wages

    total $5,045,254 · program services $3,606,012 · management and general $1,249,153 · fundraising $190,089

  • 8 · Pension plan contributions

    total $311,505 · program services $220,226 · management and general $78,869 · fundraising $12,410

  • 9 · Other employee benefits

    total $904,652 · program services $639,564 · management and general $229,048 · fundraising $36,040

  • 10 · Payroll taxes

    total $409,567 · program services $289,553 · management and general $103,698 · fundraising $16,316

  • 11b · Fees: legal

    total $11,045 · program services $7,809 · management and general $3,236

  • 11c · Fees: accounting

    total $32,740 · program services $23,149 · management and general $9,591

  • 11e · Fees: professional fundraising services

    total $96,909 · fundraising $96,909

  • 11g · Fees: other

    total $85,553 · program services $60,490 · management and general $25,063

  • 12 · Advertising and promotion

    total $93,714 · program services $3,849 · management and general $88,934 · fundraising $931

  • 13 · Office expenses

    total $127,208 · program services $79,837 · management and general $9,367 · fundraising $38,004

  • 14 · Information technology

    total $76,539 · program services $54,789 · management and general $21,750

  • 16 · Occupancy

    total $151,899 · program services $107,388 · management and general $38,459 · fundraising $6,052

  • 17 · Travel

    total $294,749 · program services $294,505 · management and general $244

  • 19 · Conferences, conventions and meetings

    total $50,375 · program services $28,511 · management and general $10,129 · fundraising $11,735

  • 22 · Depreciation, depletion and amortization

    total $549,894 · program services $503,153 · management and general $41,242 · fundraising $5,499

  • 23 · Insurance

    total $110,908 · program services $78,409 · management and general $28,081 · fundraising $4,418

  • 24a · Other expenses: UNCOLLECTIBLE PLEDGES

    total $626,362 · fundraising $626,362

  • 24b · Other expenses: ATHLETICS & EVENTS

    total $599,784 · program services $184,808 · management and general $385,633 · fundraising $29,343

  • 24c · Other expenses: BOOKS & MATERIALS

    total $501,763 · program services $501,763

  • 24d · Other expenses: REPAIRS & MAINTENANCE

    total $226,215 · program services $159,927 · management and general $57,276 · fundraising $9,012

  • 24e · All other expenses

    total $373,840 · program services $345,826 · management and general $24,668 · fundraising $3,346

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,322 · end of year $5,525,726

  • 2 · Savings and temporary cash investments

    beginning of year $3,205,095

  • 3 · Pledges and grants receivable

    beginning of year $41,489,867 · end of year $33,887,735

  • 4 · Accounts receivable

    beginning of year $50,871 · end of year $415,709

  • 7 · Other notes and loans receivable

    beginning of year $117,898 · end of year $91,658

  • 9 · Prepaid expenses and deferred charges

    beginning of year $129,703 · end of year $197,646

  • 10a · Land, buildings and equipment: cost or other basis

    $18,163,214

  • 10b · Land, buildings and equipment: accumulated depreciation

    $10,158,101

  • 10c · Land, buildings and equipment, net

    beginning of year $8,271,871 · end of year $8,005,113

  • 11 · Investments: publicly traded securities

    beginning of year $21,142,867 · end of year $22,088,426

  • 12 · Investments: other securities

    beginning of year $1,650,000 · end of year $2,490,773

  • 14 · Intangible assets

    beginning of year $100,947 · end of year $94,638

  • 15 · Other assets

    beginning of year $290,362 · end of year $221,575

  • 17 · Accounts payable and accrued expenses

    beginning of year $697,819 · end of year $704,816

  • 18 · Grants payable

    beginning of year $20,658,928 · end of year $20,194,883

  • 19 · Deferred revenue

    beginning of year $2,470,971 · end of year $2,642,319

  • 24 · Unsecured notes and loans payable

    beginning of year $46,161

  • 27 · Net assets without donor restrictions

    beginning of year $22,565,893 · end of year $14,919,489

  • 28 · Net assets with donor restrictions

    beginning of year $30,091,031 · end of year $34,557,492

Mission and programs · 2022

Mission

SANTA FE PREPARATORY SCHOOL IS AN INDEPENDENT CO-EDUCATIONAL COLLEGE PREPARATORY DAY SCHOOL, GRADES 7 THROUGH 12, DEDICATED TO EDUCATIONAL EXCELLENCE.

  • THE SCHOOL PROVIDES A COLLEGE PREPARATORY EDUCATION TO APPROXIMATELY 330 STUDENTS IN GRADES 7 THROUGH 12. THE SCHOOL ALSO HOSTS THE EE FORD SUMMER TEACHERS COLLOQUIUM SERVING APPROXIMATELY 40 TEACHERS.

    Expenses $8,830,831 · Grants $1,690,519 · Revenue $9,146,551

  • DAVIS NEW MEXICO SCHOLARS AND BREAKTHROUGH SANTA FE (BREAKTHROUGH): BREAKTHROUGH IS A PREP PROGRAM THAT ASSISTS STUDENTS IN GRADES 7 THROUGH 12 FROM UNDERSERVED PUBLIC SCHOOLS TO BECOME THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE. STUDENTS COMMIT TO THE PROGRAM FOR 6 YEARS AND PARTICIPATE IN SUMMER PROGRAMING, SCHOOL YEAR SUPPORT, AND ONE-ON-ONE COLLEGE COUNSELING. BREAKTHROUGH SANTA FE ALSO PARTNERS WITH THE SHELBY CULLOM DAVIS CHARITABLE FUND, INC. TO ADMINISTER AND AWARD FULL-TUITION COLLEGE SCHOLARSHIPS TO STUDENTS PARTICIPATING IN THE DAVIS NEW MEXICO SCHOLARS PROGRAM (DAVIS NEW MEXICO). AS OF JUNE 30, 2023, APPROXIMATELY 137 DAVIS NEW MEXICO SCHOLARSHIP RECIPIENTS ARE ENROLLED IN COLLEGE.

    Expenses $7,188,368 · Grants $6,648,917

As filed on the 2022 return.

Listed in Part VII

  • Elicia Montoya

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Jenny Kaufman

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • David Kocon

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Leah Swanson

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Sara April

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Stephen Badger

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Liz Bremner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Alejandra Castillo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Josiah Child

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Randy Dry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Edward Gale

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Dominic Garcia

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Estevan Gonzales

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Miquela Salazar Korte

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Christine Lehman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Thao Marquez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Suzanne Moss

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Joohee Rand

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Carol Romero-Wirth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Jenna Scanlan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Warren Thompson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    3

  • Aaron Schubach

    HEAD OF SCHO

    Total calculated
    $323,021
    From this org
    $284,784
    From related orgs
    $0
    Other
    $38,237
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $284,784
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,779
    Nontaxable benefits
    $20,458
    Filer's total
    $323,021

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202401369349316235

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