Skip to content
Nonprofiteer
← CAMDEN PREP INC

Form 990 for tax year 2022

Filed by CAMDEN PREP INC.

Totals

Total revenue
$29,339,640
Total expenses
$29,821,515
Contributions and grants received
$7,522,140
Grants paid
$0
Program service revenue
$21,817,500
Investment income
$0
Other revenue
$0
Total assets, end of year
$67,257,120
Total liabilities, end of year
$61,822,414
Net assets or fund balances, end of year
$5,434,706
Program services expenses (Part IX)
$25,606,724
Management and general expenses
$3,729,884
Fundraising expenses
$484,907
Program service expenses (Part III)
$25,606,724

Program services were 85.9% 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)

    $5,965,524

  • 1f · All other contributions, gifts and grants

    $1,556,616

  • 2a · Program service revenue: SCHOOL DISTRICT SUBSIDY

    total $21,817,500 · related or exempt $21,817,500

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $10,658,239 · program services $8,092,623 · management and general $2,565,616

  • 8 · Pension plan contributions

    total $261,996 · program services $246,276 · management and general $15,720

  • 9 · Other employee benefits

    total $701,706 · program services $659,604 · management and general $42,102

  • 10 · Payroll taxes

    total $2,784,364 · program services $2,617,302 · management and general $167,062

  • 11a · Fees: management

    total $3,232,711 · program services $2,262,898 · management and general $484,906 · fundraising $484,907

  • 11b · Fees: legal

    total $25,452 · management and general $25,452

  • 11c · Fees: accounting

    total $117,678 · management and general $117,678

  • 11g · Fees: other

    total $4,323,558 · program services $4,198,686 · management and general $124,872

  • 13 · Office expenses

    total $180,027 · program services $169,225 · management and general $10,802

  • 16 · Occupancy

    total $2,936,634 · program services $2,936,634

  • 17 · Travel

    total $378,960 · program services $356,222 · management and general $22,738

  • 22 · Depreciation, depletion and amortization

    total $1,408,021 · program services $1,408,021

  • 23 · Insurance

    total $254,425 · program services $254,425

  • 24a · Other expenses: TEXTBOOKS, SUPPLIES, MA

    total $2,548,929 · program services $2,395,993 · management and general $152,936

  • 24b · Other expenses: GRADUATION

    total $8,815 · program services $8,815

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,795,195 · end of year $5,750,397

  • 4 · Accounts receivable

    beginning of year $2,728,694 · end of year $4,089,184

  • 9 · Prepaid expenses and deferred charges

    beginning of year $797,892 · end of year $1,370,709

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

    $1,244,418

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

    $358,482

  • 10c · Land, buildings and equipment, net

    beginning of year $726,238 · end of year $885,936

  • 15 · Other assets

    beginning of year $44,743,861 · end of year $55,160,894

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,489,729 · end of year $5,116,920

  • 19 · Deferred revenue

    beginning of year $8,425 · end of year $486

  • 25 · Other liabilities

    beginning of year $45,377,145 · end of year $56,705,008

  • 29 · Capital stock, trust principal or current funds

    beginning of year $5,823,627 · end of year $5,985,079

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $92,954 · end of year -$550,373

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

CAMDEN PREP IS A PUBLIC RENAISSANCE SCHOOL SERVING MORE THAN 1,100 STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE. CAMDEN PREP WELCOMED ITS FIRST 9TH GRADE CLASS IN FALL 2020 AND HAS NOW GROWN TO A FULL 9-12 HIGH SCHOOL. CAMDEN PREP'S MISSION IS TO ENSURE ALL STUDENTS ARE PREPARED TO SUCCEED IN COLLEGE AND BEYOND.

Activities or mission (Part I)

CAMDEN PREP IS A PUBLIC RENAISSANCE SCHOOL SERVING MORE THAN 1,100 STUDENTS IN KINDERGARTEN THROUGH 12TH GRADE. CAMDEN PREP WELCOMED ITS FIRST 9TH GRADE CLASS IN FALL 2020 AND HAS GROWN TO A FULL 9-12 HIGH SCHOOL. CAMDEN PREP'S MISSION IS TO ENSURE ALL STUDENTS ARE PREPARED TO SUCCEED IN COLLEGE AND BEYOND. CAMDEN PREP CONSISTS OF A HIGH SCHOOL LOCATED AT 1800 COPEWOOD ST. CAMDEN, NEW JERSEY, MIDDLE SCHOOLS LOCATED AT 1650 COPEWOOD ST. CAMDEN, NJ AND 1575 MT. EPHRAIM AVE. CAMDEN, NEW JERSEY AND ELEMENTARY SCHOOLS LOCATED AT 1650 COPEWOOD STREET CAMDEN, NEW JERSEY AND 1575 MT. EPHRAIM AVE. CAMDEN, NEW JERSEY.

  • CAMDEN PREP IS A NEW JERSEY PUBLIC RENAISSANCE SCHOOL OVERSEEN BY THE STATE OF NEW JERSEY DEPARTMENT OF EDUCATION. CAMDEN PREP OFFERS A WIDE RANGE OF COURSES THAT SPARK CURIOSITY AND DEVELOP OUR STUDENTS' INTERESTS. STUDENTS HAVE MULTIPLE OPPORTUNITIES TO CONTINUE THEIR LEARNING AND SELF-DEVELOPMENT THROUGH A VARIETY OF EXTRACURRICULAR ACTIVITIES. CAMDEN PREP TEACHERS AND LEADERS COMMUNICATE FREQUENTLY WITH PARENTS AND FAMILIES. THEY SHARE UPDATES AND WORK AS A TEAM WITH PARENTS AND FAMILIES TO ENSURE EVERY CHILD HAS THE SUPPORT HE OR SHE NEEDS TO SUCCEED.

    Expenses $25,606,724 · Revenue $21,817,500

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

Listed in Part VII

  • Sunita Yadavalli

    DIRECTOR OF OPERATIONS

    Total calculated
    $159,811
    From this org
    $158,765
    From related orgs
    $0
    Other
    $1,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,765
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,046
    Filer's total
    $159,811

  • Thomas Weishaupt

    PRINCIPAL

    Total calculated
    $155,262
    From this org
    $148,789
    From related orgs
    $0
    Other
    $6,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,789
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,473
    Filer's total
    $155,262

  • Syrena-McKenzie Burnam

    PRINCIPAL

    Total calculated
    $154,883
    From this org
    $151,285
    From related orgs
    $0
    Other
    $3,598
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,285
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $3,598
    Filer's total
    $154,883

  • Susanna Tagoe

    PRINCIPAL

    Total calculated
    $143,743
    From this org
    $142,037
    From related orgs
    $0
    Other
    $1,706
    Hours/week
    40

  • Hadley Stein

    DIR. OF OPERATIONS, CAMDEN PREP HIGH SCHOOL

    Total calculated
    $141,624
    From this org
    $139,988
    From related orgs
    $0
    Other
    $1,636
    Hours/week
    40

  • Natalie Cooper

    CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Julie Jackson

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Joseph Mangini

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Cassetta Perry

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Reverend Floyd White

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Kevin Patterson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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

  • 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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
10 May 2024
IRS schema version
2022v5.0
Source object
202441349349300019

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.