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Nonprofiteer
← NORTHEAST COLLEGE PREP

Form 990 for tax year 2024

Filed by NORTHEAST COLLEGE PREP.

Totals

Total revenue
$6,490,058
Total expenses
$6,440,818
Contributions and grants received
$6,434,237
Grants paid
$0
Program service revenue
$21,519
Investment income
$33,865
Other revenue
$437
Total assets, end of year
$2,780,729
Total liabilities, end of year
$3,933,687
Net assets or fund balances, end of year
-$1,152,958
Program services expenses (Part IX)
$5,600,209
Management and general expenses
$840,609
Fundraising expenses
$0
Program service expenses (Part III)
$5,600,209

Program services were 86.9% 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)

    $6,417,656

  • 1f · All other contributions, gifts and grants

    $16,581

  • 1g · Noncash contributions included above

    $14,990

  • 2a · Program service revenue: Med Assist

    total $14,998 · related or exempt $14,998

  • 2b · Program service revenue: Fees From Patrons

    total $6,521 · related or exempt $6,521

  • 3 · Investment income

    total $38,040 · excluded $38,040

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

    other assets $4,175

  • 7c · Gain or loss

    other assets -$4,175

  • 7d · Net gain or loss

    total -$4,175 · excluded -$4,175

  • 10b · Cost of goods sold

    $74

  • 10c · Net income from sales of inventory

    total -$74 · related or exempt -$74

  • 11a · Other revenue: Misc Local Revenue

    total $511 · related or exempt $511

  • 11e · Other revenue, total

    $511

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $222,397 · program services $92,397 · management and general $130,000

  • 7 · Other salaries and wages

    total $2,681,615 · program services $2,520,640 · management and general $160,975

  • 8 · Pension plan contributions

    total $125,412 · program services $76,518 · management and general $48,894

  • 9 · Other employee benefits

    total $463,000 · program services $374,575 · management and general $88,425

  • 10 · Payroll taxes

    total $219,454 · program services $176,419 · management and general $43,035

  • 11b · Fees: legal

    total $1,614 · management and general $1,614

  • 11c · Fees: accounting

    total $95,424 · management and general $95,424

  • 11g · Fees: other

    total $1,277,983 · program services $1,194,037 · management and general $83,946

  • 13 · Office expenses

    total $113,005 · program services $52,924 · management and general $60,081

  • 14 · Information technology

    total $116,383 · program services $40,119 · management and general $76,264

  • 16 · Occupancy

    total $698,624 · program services $698,176 · management and general $448

  • 17 · Travel

    total $38,690 · program services $38,690

  • 20 · Interest

    total $26,688 · program services $3,720 · management and general $22,968

  • 22 · Depreciation, depletion and amortization

    total $114,202 · program services $85,667 · management and general $28,535

  • 23 · Insurance

    total $20,104 · program services $20,104

  • 24a · Other expenses: Program Materials and S

    total $226,223 · program services $226,223

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,147,788 · end of year $1,141,085

  • 3 · Pledges and grants receivable

    beginning of year $508,390 · end of year $554,598

  • 4 · Accounts receivable

    beginning of year $196,350 · end of year $727

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,586 · end of year $56,704

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

    $912,832

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

    $552,154

  • 10c · Land, buildings and equipment, net

    beginning of year $399,363 · end of year $360,678

  • 15 · Other assets

    beginning of year $958,282 · end of year $666,937

  • 17 · Accounts payable and accrued expenses

    beginning of year $395,962 · end of year $370,833

  • 19 · Deferred revenue

    end of year $30,000

  • 25 · Other liabilities

    beginning of year $4,048,606 · end of year $3,532,854

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$1,200,809 · end of year -$1,152,958

Mission and programs · 2024

Mission

Northeast College Prep will ensure strong academic, social-emotional, and talent development in every member of its diverse student body, thereby positioning each student for college graduation, career success, and positive community impact.

  • Northeast College Prep has strived to succeed as a proof-point that all students, regardless of background, flourish when a school's entire staff deeply believes in the potential and fully commits to the success of each and every one. The organization focuses on grades K-8. During fiscal year 2025, Northeast College Prep averaged 276 daily students.

    Expenses $5,600,209 · Revenue $21,956

As filed on the 2024 return.

Listed in Part VII

  • Rich Nazarian

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Josh Crossan

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • Tyler Burkhardt

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Jinah Chervinac

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • John Brakke

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • Meghna Sohoni

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • Phil Galligan

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • Hadi Sanyang

    Parent Member

    Total calculated
    $0
    Hours/week
    1

  • Laura Pastor

    Teacher Member

    Total calculated
    $93,563
    From this org
    $74,805
    From related orgs
    $0
    Other
    $18,758
    Hours/week
    41

  • Andrea Halverson

    Executive Director

    Total calculated
    $147,049
    From this org
    $125,426
    From related orgs
    $0
    Other
    $21,623
    Hours/week
    41

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.

  • NECP ABC

    501(c)(3) · Lease school building to Northeast College Prep Charter School No 4219 · MN · controlled entity

    Directly controlled by Northeast College Prep Charter School No 4219

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202601319349301335

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