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← IVY HILL PREPARATORY SCHOOL

Form 990 for tax year 2023

Filed by IVY HILL PREPARATORY SCHOOL.

Totals

Total revenue
$6,936,928
Total expenses
$6,974,645
Contributions and grants received
$644,458
Grants paid
$0
Program service revenue
$6,237,495
Investment income
$54,975
Other revenue
$0
Total assets, end of year
$13,097,618
Total liabilities, end of year
$11,860,664
Net assets or fund balances, end of year
$1,236,954
Program services expenses (Part IX)
$6,307,249
Management and general expenses
$651,130
Fundraising expenses
$16,266
Program service expenses (Part III)
$6,307,249

Program services were 90.4% 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)

    $621,849

  • 1f · All other contributions, gifts and grants

    $22,609

  • 2a · Program service revenue: PER-PUPIL REV. OPERATI

    total $4,915,197 · related or exempt $4,915,197

  • 2b · Program service revenue: PER-PUPIL REV. FACILIT

    total $1,322,298 · related or exempt $1,322,298

  • 3 · Investment income

    total $54,975 · excluded $54,975

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $160,837 · program services $83,843 · management and general $69,295 · fundraising $7,699

  • 7 · Other salaries and wages

    total $2,476,401 · program services $2,239,706 · management and general $232,044 · fundraising $4,651

  • 9 · Other employee benefits

    total $257,579 · program services $227,961 · management and general $28,604 · fundraising $1,014

  • 10 · Payroll taxes

    total $251,513 · program services $221,685 · management and general $28,667 · fundraising $1,161

  • 11b · Fees: legal

    total $12,001 · management and general $12,001

  • 11c · Fees: accounting

    total $19,450 · management and general $19,450

  • 11g · Fees: other

    total $763,172 · program services $635,539 · management and general $127,592 · fundraising $41

  • 12 · Advertising and promotion

    total $59,912 · program services $59,912

  • 13 · Office expenses

    total $127,236 · program services $123,655 · management and general $1,881 · fundraising $1,700

  • 14 · Information technology

    total $229,518 · program services $229,518

  • 16 · Occupancy

    total $1,164,276 · program services $1,082,777 · management and general $81,499

  • 17 · Travel

    total $12,600 · program services $12,063 · management and general $537

  • 19 · Conferences, conventions and meetings

    total $23,000 · program services $23,000

  • 22 · Depreciation, depletion and amortization

    total $166,165 · program services $154,274 · management and general $11,891

  • 23 · Insurance

    total $43,404 · program services $40,366 · management and general $3,038

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $494,731 · program services $460,100 · management and general $34,631

  • 24b · Other expenses: INSTRUCTIONAL SUPPLIES

    total $268,516 · program services $268,516

  • 24c · Other expenses: STUDENT SERVICES

    total $232,850 · program services $232,850

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $165,840 · program services $165,840

  • 24e · All other expenses

    total $45,644 · program services $45,644

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,942,925 · end of year $515,676

  • 2 · Savings and temporary cash investments

    beginning of year $542,629 · end of year $1,590,834

  • 3 · Pledges and grants receivable

    beginning of year $456,525 · end of year $282,839

  • 4 · Accounts receivable

    beginning of year $0 · end of year $54,234

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,692 · end of year $19,890

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

    $1,531,348

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

    $475,369

  • 10c · Land, buildings and equipment, net

    beginning of year $441,503 · end of year $1,055,979

  • 15 · Other assets

    beginning of year $13,569,877 · end of year $9,578,166

  • 17 · Accounts payable and accrued expenses

    beginning of year $295,350 · end of year $445,672

  • 19 · Deferred revenue

    beginning of year $0 · end of year $78,296

  • 25 · Other liabilities

    beginning of year $15,414,130 · end of year $11,336,696

  • 27 · Net assets without donor restrictions

    beginning of year $1,274,671 · end of year $1,236,954

Mission and programs · 2023

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 241 STUDENTS IN KINDERGARTEN THROUGH FIRST GRADE DURING THE 2023-2024 ACADEMIC YEAR.

    Expenses $6,307,249 · Revenue $6,237,495

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nancy Olisma

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Maimouna Kane

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Winsome Nevins-Warden

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Dawn Antoine-Forbes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Caitlin Day-Lewis

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Adam Laniyan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Perkins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Derrick Lewis

    TRUSTEE THRU 3/31/24

    Total calculated
    $0
    Hours/week
    1

  • Annedrea Coleman

    HEAD OF SCHOOL

    Total calculated
    $157,364
    From this org
    $136,766
    From related orgs
    $0
    Other
    $20,598
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $136,766
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,598
    Filer's total
    $157,364

  • Brandon Parker

    DIRECTOR OF OPERATIONS

    Total calculated
    $128,264
    From this org
    $116,956
    From related orgs
    $0
    Other
    $11,308
    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. 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
2023
Filed
25 March 2025
IRS schema version
2023v6.0
Source object
202520849349301422

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