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Nonprofiteer
← GLENDALE PREPATORY ACADEMY

Form 990 for tax year 2024

Filed by GLENDALE PREPATORY ACADEMY.

Totals

Total revenue
$8,146,326
Total expenses
$7,972,484
Contributions and grants received
$917,015
Grants paid
$0
Program service revenue
$6,775,800
Investment income
$84,008
Other revenue
$369,503
Total assets, end of year
$12,496,613
Total liabilities, end of year
$8,117,865
Net assets or fund balances, end of year
$4,378,748
Program services expenses (Part IX)
$6,832,033
Management and general expenses
$1,106,732
Fundraising expenses
$33,719
Program service expenses (Part III)
$6,832,033

Program services were 85.7% 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)

    $446,731

  • 1f · All other contributions, gifts and grants

    $470,284

  • 2a · Program service revenue: STATE EQUALIZATION

    total $5,878,622 · related or exempt $5,878,622

  • 2b · Program service revenue: CLASSROOM SITE FUNDS

    total $627,422 · related or exempt $627,422

  • 2c · Program service revenue: CO-CURRICULAR ACTIVITIES

    total $269,756 · related or exempt $269,756

  • 3 · Investment income

    total $84,008 · excluded $84,008

  • 6a · Gross rents

    real property $29,615

  • 6c · Rental income or loss

    real property $29,615

  • 6d · Net rental income or loss

    total $29,615 · excluded $29,615

  • 11a · Other revenue: OTHER

    total $339,888 · related or exempt $339,888

  • 11e · Other revenue, total

    $339,888

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $238,916 · program services $204,440 · management and general $32,855 · fundraising $1,621

  • 7 · Other salaries and wages

    total $3,607,434 · program services $3,086,867 · management and general $496,090 · fundraising $24,477

  • 8 · Pension plan contributions

    total $40,014 · program services $34,772 · management and general $4,940 · fundraising $302

  • 9 · Other employee benefits

    total $517,449 · program services $449,663 · management and general $63,879 · fundraising $3,907

  • 10 · Payroll taxes

    total $289,032 · program services $251,168 · management and general $35,681 · fundraising $2,183

  • 11a · Fees: management

    total $645,360 · program services $530,443 · management and general $114,058 · fundraising $859

  • 11b · Fees: legal

    total $16,180 · program services $12,464 · management and general $3,716

  • 11c · Fees: accounting

    total $13,200 · program services $10,168 · management and general $3,032

  • 11g · Fees: other

    total $166,712 · program services $128,424 · management and general $38,288

  • 13 · Office expenses

    total $24,908 · program services $18,701 · management and general $6,207

  • 14 · Information technology

    total $40,897 · program services $40,897

  • 16 · Occupancy

    total $867,806 · program services $752,958 · management and general $114,848

  • 22 · Depreciation, depletion and amortization

    total $120,204 · program services $104,296 · management and general $15,908

  • 23 · Insurance

    total $17,241 · program services $14,171 · management and general $3,047 · fundraising $23

  • 24a · Other expenses: SUPPLIES

    total $477,368 · program services $388,919 · management and general $88,449

  • 24b · Other expenses: CO-CURRICULAR ACTIVITIES

    total $329,559 · program services $329,559

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $299,048 · program services $259,471 · management and general $39,577

  • 24d · Other expenses: OTHER

    total $79,182 · program services $65,082 · management and general $13,995 · fundraising $105

  • 24e · All other expenses

    total $181,974 · program services $149,570 · management and general $32,162 · fundraising $242

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,814,864 · end of year $1,383,531

  • 2 · Savings and temporary cash investments

    beginning of year $1,438,092 · end of year $2,080,057

  • 4 · Accounts receivable

    beginning of year $382,279 · end of year $217,074

  • 9 · Prepaid expenses and deferred charges

    beginning of year $102,423 · end of year $111,032

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

    $1,408,545

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

    $550,270

  • 10c · Land, buildings and equipment, net

    beginning of year $745,970 · end of year $858,275

  • 15 · Other assets

    beginning of year $7,989,471 · end of year $7,846,644

  • 17 · Accounts payable and accrued expenses

    beginning of year $330,317 · end of year $345,792

  • 19 · Deferred revenue

    beginning of year $76,221 · end of year $52,605

  • 25 · Other liabilities

    beginning of year $7,951,754 · end of year $7,719,468

  • 27 · Net assets without donor restrictions

    beginning of year $4,078,817 · end of year $4,378,748

  • 28 · Net assets with donor restrictions

    beginning of year $35,990

Mission and programs · 2024

Mission

A GLENDALE PREPARATORY ACADEMY EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS AND BEAUTY.

  • A GLENDALE PREPARATORY ACADEMY EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS AND BEAUTY.

    Expenses $6,832,033 · Revenue $6,775,800

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Mulhern

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Christofer Pereyra

    VICE CHAIRMA

    Total calculated
    $0
    Hours/week
    2

  • John Thorpe

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mona Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kyle Navarrette

    HEADMASTER

    Total calculated
    $136,245
    From this org
    $0
    From related orgs
    $124,665
    Other
    $11,580
    Hours/week
    40

  • Katherine Sarbacker

    ASST HEADMAS

    Total calculated
    $102,671
    From this org
    $0
    From related orgs
    $82,436
    Other
    $20,235
    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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.0
Source object
202600729349300500

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