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Nonprofiteer
← EASTSIDE COLLEGE PREPARATORY SCHOOL INC

Form 990 for tax year 2022

Filed by EASTSIDE COLLEGE PREPARATORY SCHOOL INC.

Totals

Total revenue
$14,237,238
Total expenses
$11,959,198
Contributions and grants received
$10,884,677
Grants paid
$647,628
Program service revenue
$0
Investment income
$2,816,604
Other revenue
$535,957
Total assets, end of year
$191,506,333
Total liabilities, end of year
$1,077,565
Net assets or fund balances, end of year
$190,428,768
Program services expenses (Part IX)
$9,244,598
Management and general expenses
$1,783,843
Fundraising expenses
$930,757
Program service expenses (Part III)
$9,244,598

Program services were 77.3% 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.

  • 1f · All other contributions, gifts and grants

    $10,884,677

  • 1g · Noncash contributions included above

    $342,595

  • 3 · Investment income

    total $2,916,015 · unrelated business $323,952 · excluded $2,592,063

  • 6a · Gross rents

    real property $181,953

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $181,953

  • 6d · Net rental income or loss

    total $181,953 · excluded $181,953

  • 7a · Gross sales of assets other than inventory

    securities $8,666,674

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

    securities $8,766,085

  • 7c · Gain or loss

    securities -$99,411

  • 7d · Net gain or loss

    total -$99,411 · excluded -$99,411

  • 11a · Other revenue: OTHER REVENUE

    total $354,004 · related or exempt $354,004

  • 11e · Other revenue, total

    $354,004

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $647,628 · program services $647,628

  • 5 · Compensation of officers, directors and key employees

    total $824,914 · program services $312,679 · management and general $234,158 · fundraising $278,077

  • 7 · Other salaries and wages

    total $5,065,010 · program services $4,232,656 · management and general $443,274 · fundraising $389,080

  • 8 · Pension plan contributions

    total $206,282 · program services $180,754 · management and general $16,585 · fundraising $8,943

  • 9 · Other employee benefits

    total $717,941 · program services $611,028 · management and general $70,339 · fundraising $36,574

  • 10 · Payroll taxes

    total $453,962 · program services $364,613 · management and general $50,456 · fundraising $38,893

  • 11b · Fees: legal

    total $2,765 · management and general $2,765

  • 11c · Fees: accounting

    total $97,405 · management and general $97,405

  • 11f · Fees: investment management

    total $592,377 · management and general $592,377

  • 11g · Fees: other

    total $7,197 · program services $4,425 · management and general $2,772

  • 13 · Office expenses

    total $623,752 · program services $605,573 · management and general $10,266 · fundraising $7,913

  • 16 · Occupancy

    total $689,243 · program services $553,586 · management and general $76,606 · fundraising $59,051

  • 17 · Travel

    total $269,075 · program services $269,075

  • 22 · Depreciation, depletion and amortization

    total $1,047,116 · program services $841,023 · management and general $116,382 · fundraising $89,711

  • 23 · Insurance

    total $143,041 · program services $114,888 · management and general $15,898 · fundraising $12,255

  • 24a · Other expenses: FOOD

    total $238,007 · program services $238,007

  • 24b · Other expenses: EQUIPMENT & SUPPLIES

    total $131,523 · program services $71,966 · management and general $54,560 · fundraising $4,997

  • 24c · Other expenses: CURRICULUM AND STUDENT

    total $119,281 · program services $119,281

  • 24d · Other expenses: EVENTS

    total $82,679 · program services $77,416 · fundraising $5,263

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,815,944 · end of year $814,545

  • 2 · Savings and temporary cash investments

    beginning of year $2,640,539 · end of year $254,880

  • 3 · Pledges and grants receivable

    beginning of year $1,047,481 · end of year $728,403

  • 8 · Inventories for sale or use

    beginning of year $18,485 · end of year $17,456

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,079 · end of year $153,344

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

    $54,821,757

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

    $17,396,400

  • 10c · Land, buildings and equipment, net

    beginning of year $37,263,285 · end of year $37,425,357

  • 11 · Investments: publicly traded securities

    beginning of year $91,481,009 · end of year $108,253,093

  • 12 · Investments: other securities

    beginning of year $46,655,495 · end of year $43,859,255

  • 17 · Accounts payable and accrued expenses

    beginning of year $924,418 · end of year $1,077,565

  • 27 · Net assets without donor restrictions

    beginning of year $100,939,939 · end of year $110,204,866

  • 28 · Net assets with donor restrictions

    beginning of year $79,171,960 · end of year $80,223,902

Mission and programs · 2022

Mission

AT EASTSIDE COLLEGE PREPARATORY SCHOOL WE ARE COMMITTED TO OPENING NEW DOORS FOR STUDENTS HISTORICALLY UNDERREPRESENTED IN HIGHER EDUCATION. (CONTINUED ON SCHEDULE O) OUR CHALLENGING AND ENGAGING CURRICULUM ENABLES STUDENTS TO DISCOVER THEIR INTELLECTUAL STRENGTHS, SHARPEN THEIR ACADEMIC SKILLS, AND EMBRACE NEW OPPORTUNITIES IN A CULTURE OF LEARNING THAT SUPPORTS THE POTENTIAL OF EVERY STUDENT TO ENTER AND SUCCEED IN A FOUR-YEAR COLLEGE AND BEYOND.EASTSIDE STUDENTS WHO ARE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE CREATE A RIPPLE EFFECT, CHANGING THEIR OWN LIVES, THE LIVES OF THEIR FAMILIES, AND THE LIFE OF THEIR COMMUNITY.

Activities or mission (Part I)

PREPARE LOW INCOME AND FIRST GENERATION STUDENTS TO ATTEND AND SUCCEED IN 4 YEAR COLLEGES.

  • DURING THE 2022-23 ACADEMIC YEAR, EASTSIDE COLLEGE PREPARATORY SCHOOL EDUCATED 260 STUDENTS IN GRADES NINE THROUGH TWELVE, AND PROVIDED RESIDENTIAL PROGRAMMING TO 85 OF THOSE STUDENTS. EASTSIDE ALSO PROVIDED ON-GOING SUPPORT AND GUIDANCE TO ITS 230 ALUMNI CURRENTLY ENROLLED IN COLLEGE.

    Expenses $9,244,598 · Grants $647,628 · Revenue $354,004

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

Listed in Part VII

  • Ben Bisconti

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • George Bischof

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Janet Brownstone

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Bill Elmore

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Brad O'Brien

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Tim Ranzetta

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Don Vermeil

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Chris Bischof

    BOARD TRUSTEE/PRINCIPAL

    Total calculated
    $239,843
    From this org
    $176,267
    From related orgs
    $0
    Other
    $63,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,267
    Bonus
    $0
    Other
    $0
    Deferred
    $8,813
    Nontaxable benefits
    $54,763
    Filer's total
    $239,843

  • Helen Kim

    BOARD TRUSTEE/V. PRINCIPAL

    Total calculated
    $197,843
    From this org
    $176,267
    From related orgs
    $0
    Other
    $21,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $176,267
    Bonus
    $0
    Other
    $0
    Deferred
    $8,813
    Nontaxable benefits
    $12,763
    Filer's total
    $197,843

  • Sue Gellen

    BOARD TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Melanie Tomasello

    DIRECTOR OF FINANCE

    Total calculated
    $186,587
    From this org
    $165,251
    From related orgs
    $0
    Other
    $21,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,251
    Bonus
    $0
    Other
    $0
    Deferred
    $8,302
    Nontaxable benefits
    $13,034
    Filer's total
    $186,587

  • Ellen Lehman

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $235,784
    From this org
    $205,149
    From related orgs
    $0
    Other
    $30,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,149
    Bonus
    $30,000
    Other
    $0
    Deferred
    $10,346
    Nontaxable benefits
    $20,289
    Filer's total
    $235,784

  • Darren Chan

    FACULTY MEMBER

    Total calculated
    $167,614
    From this org
    $152,290
    From related orgs
    $0
    Other
    $15,324
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,290
    Bonus
    $0
    Other
    $0
    Deferred
    $7,614
    Nontaxable benefits
    $7,710
    Filer's total
    $167,614

  • Calvin Trembath

    FACULTY MEMBER

    Total calculated
    $143,758
    From this org
    $129,904
    From related orgs
    $0
    Other
    $13,854
    Hours/week
    40

  • Eun-Mee Jeong

    DIRECTOR OF ALUMNI SERVICE

    Total calculated
    $167,277
    From this org
    $150,874
    From related orgs
    $0
    Other
    $16,403
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,874
    Bonus
    $0
    Other
    $0
    Deferred
    $7,544
    Nontaxable benefits
    $8,859
    Filer's total
    $167,277

  • Jaya Subramanian

    FACULTY MEMBER

    Total calculated
    $161,554
    From this org
    $122,765
    From related orgs
    $0
    Other
    $38,789
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,765
    Bonus
    $0
    Other
    $0
    Deferred
    $6,138
    Nontaxable benefits
    $32,651
    Filer's total
    $161,554

  • Marlene Mullin

    FACULTY MEMBER

    Total calculated
    $144,675
    From this org
    $127,708
    From related orgs
    $0
    Other
    $16,967
    Hours/week
    40

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 · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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

The filer's explanations (Part III)

PART I, LINE 1A
CHRIS BISCHOF, PRINCIPAL, LIVES IN EASTSIDE'S 1064 BEECH ST. HOUSE - ESTIMATED AT $2,400/MO. AS PART OF THE PRINCIPAL'S JOB DESCRIPTION, HE IS REQUIRED TO LIVE ON CAMPUS IN ORDER TO PROVIDE SUPERVISION OF EVENING AND WEEKEND EVENTS, SECURITY DURING NON-SCHOOL HOURS AND ON-CALL DUTY FOR EMERGENCY SITUATIONS.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
2 May 2024
IRS schema version
2022v5.0
Source object
202401249349302265

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