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← IVY HILL PREPARATORY SCHOOL

Form 990 for tax year 2022

Filed by IVY HILL PREPARATORY SCHOOL.

Totals

Total revenue
$5,899,830
Total expenses
$5,982,127
Contributions and grants received
$513,903
Grants paid
$0
Program service revenue
$5,382,368
Investment income
$3,559
Other revenue
$0
Total assets, end of year
$16,984,151
Total liabilities, end of year
$15,709,480
Net assets or fund balances, end of year
$1,274,671
Program services expenses (Part IX)
$5,310,007
Management and general expenses
$657,466
Fundraising expenses
$14,654
Program service expenses (Part III)
$5,310,007

Program services were 88.8% 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.

  • 1e · Government grants (contributions)

    $512,353

  • 1f · All other contributions, gifts and grants

    $1,550

  • 2a · Program service revenue: GOV'T PER-PUPIL REV.

    total $4,256,860 · related or exempt $4,256,860

  • 2b · Program service revenue: GOV'T PER-PUPIL REV. -

    total $1,125,508 · related or exempt $1,125,508

  • 3 · Investment income

    total $3,559 · excluded $3,559

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $154,766 · program services $79,786 · management and general $67,482 · fundraising $7,498

  • 7 · Other salaries and wages

    total $2,209,348 · program services $1,959,575 · management and general $244,953 · fundraising $4,820

  • 9 · Other employee benefits

    total $195,934 · program services $169,564 · management and general $25,478 · fundraising $892

  • 10 · Payroll taxes

    total $252,500 · program services $217,868 · management and general $33,329 · fundraising $1,303

  • 11b · Fees: legal

    total $7,316 · management and general $7,316

  • 11c · Fees: accounting

    total $31,500 · management and general $31,500

  • 11g · Fees: other

    total $471,758 · program services $362,398 · management and general $109,219 · fundraising $141

  • 12 · Advertising and promotion

    total $33,735 · program services $33,735

  • 13 · Office expenses

    total $89,228 · program services $87,858 · management and general $1,370

  • 14 · Information technology

    total $120,450 · program services $120,450

  • 16 · Occupancy

    total $1,451,938 · program services $1,350,302 · management and general $101,636

  • 17 · Travel

    total $1,245 · program services $1,245

  • 19 · Conferences, conventions and meetings

    total $16,750 · program services $16,750

  • 22 · Depreciation, depletion and amortization

    total $111,394 · program services $103,537 · management and general $7,857

  • 23 · Insurance

    total $54,521 · program services $50,705 · management and general $3,816

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $335,864 · program services $312,354 · management and general $23,510

  • 24b · Other expenses: STAFF DEVELOPMENT

    total $209,157 · program services $209,157

  • 24c · Other expenses: INSTRUCTIONAL SUPPLIES

    total $146,638 · program services $146,638

  • 24d · Other expenses: STUDENT SERVICES

    total $66,488 · program services $66,488

  • 24e · All other expenses

    total $21,597 · program services $21,597

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,612,844 · end of year $1,842,925

  • 2 · Savings and temporary cash investments

    beginning of year $614,069 · end of year $642,629

  • 3 · Pledges and grants receivable

    beginning of year $118,952 · end of year $456,525

  • 4 · Accounts receivable

    beginning of year $7,581 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,767 · end of year $30,692

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

    $750,448

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

    $308,945

  • 10c · Land, buildings and equipment, net

    beginning of year $279,480 · end of year $441,503

  • 15 · Other assets

    beginning of year $93,750 · end of year $13,569,877

  • 17 · Accounts payable and accrued expenses

    beginning of year $295,399 · end of year $295,350

  • 19 · Deferred revenue

    beginning of year $9,261 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,079,815 · end of year $15,414,130

  • 27 · Net assets without donor restrictions

    beginning of year $1,356,968 · end of year $1,274,671

Mission and programs · 2022

Mission

THROUGH HIGH-QUALITY CURRICULUM AND INSTRUCTION, INTENTIONAL LEADERSHIP DEVELOPMENT, AND A COMMITMENT TO EXCELLENCE IN ALL THAT WE DO, IVY HILL PREPARATORY CHARTER SCHOOL EDUCATES KINDERGARTEN THROUGH FIFTH GRADE SCHOLARS TO THRIVE IN MIDDLE AND HIGH SCHOOL, GRADUATE FROM THE COLLEGE OF THEIR CHOICE, AND ACCESS LIVES OF PURPOSE AND OPPORTUNITY.

Activities or mission (Part I)

TO PROVIDE KINDERGARTEN THROUGH FIFTH GRADE EDUCATION.

  • GENERAL EDUCATION: STUDENTS RECEIVE DAILY INSTRUCTION FROM 7:30AM-4:30PM UTILIZING A TWO-TEACHER MODEL IN THE CONTENT AREAS OF LITERACY, MATHEMATICS, AND PERFORMING ARTS. FOR OUR SPECIAL EDUCATION PROGRAM, STUDENTS BENEFIT FROM THE GENERAL EDUCATION PROGRAM, AND ALSO RECEIVE PUSH-IN SERVICES, PULL OUT SERVICES, AND RELATED SERVICES ACCORDING TO THE MANDATES OUTLINED IN THEIR INDIVIDUAL EDUCATION PLANS.THE SCHOOL PROVIDED EDUCATION TO APPROXIMATELY 212 STUDENTS IN KINDERGARTEN THROUGH FIRST GRADE DURING THE 2022-2023 ACADEMIC YEAR.

    Expenses $5,310,007 · Revenue $5,382,368

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nancy Olisma

    INTERIM CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Adam Jimenez-Schulman

    FORMER CHAIR, THRU MARCH 2023

    Total calculated
    $0
    Hours/week
    1

  • Tanisha James

    VICE-CHAIR, THRU JUNE 2023

    Total calculated
    $0
    Hours/week
    2

  • Winsome Nevins-Warden

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Maimouna Kane

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Adam Laniyan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Derrick Lewis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Annedrea Coleman

    HEAD OF SCHOOL

    Total calculated
    $119,425
    From this org
    $116,773
    From related orgs
    $0
    Other
    $2,652
    Hours/week
    50

  • Ambrosia Johnson

    PRINCIPAL

    Total calculated
    $25,000
    From this org
    $25,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

  • Diana Williams

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $112,220
    From this org
    $100,805
    From related orgs
    $0
    Other
    $11,415
    Hours/week
    50

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
23 April 2024
IRS schema version
2022v5.0
Source object
202411149349301856

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