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Nonprofiteer
← CORBETT PREPARATORY SCHOOL OF IDS INC

Form 990 for tax year 2023

Filed by CORBETT PREPARATORY SCHOOL OF IDS INC.

Totals

Total revenue
$15,170,018
Total expenses
$13,541,251
Contributions and grants received
$690,210
Grants paid
$1,607,069
Program service revenue
$13,710,115
Investment income
$472,270
Other revenue
$297,423
Total assets, end of year
$29,444,321
Total liabilities, end of year
$6,615,006
Net assets or fund balances, end of year
$22,829,315
Program services expenses (Part IX)
$9,729,792
Management and general expenses
$3,690,548
Fundraising expenses
$120,911
Program service expenses (Part III)
$9,729,792

Program services were 71.9% 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.

  • 1c · Fundraising events

    $49,821

  • 1f · All other contributions, gifts and grants

    $640,389

  • 2a · Program service revenue: TUITION & FEES

    total $12,733,290 · related or exempt $12,733,290

  • 2b · Program service revenue: ATHLETICS & CLUBS

    total $366,698 · related or exempt $366,698

  • 2c · Program service revenue: MEAL ACTIVITIES

    total $271,279 · related or exempt $271,279

  • 2d · Program service revenue: CLASS TRIPS

    total $208,501 · related or exempt $208,501

  • 2e · Program service revenue: COMMUNITY MUSIC SCHOOL

    total $130,347 · related or exempt $130,347

  • 3 · Investment income

    total $176,850 · excluded $176,850

  • 6a · Gross rents

    real property $34,800

  • 6c · Rental income or loss

    real property $34,800

  • 6d · Net rental income or loss

    total $34,800 · excluded $34,800

  • 7a · Gross sales of assets other than inventory

    securities $4,213,226

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

    securities $3,917,806

  • 7c · Gain or loss

    securities $295,420

  • 7d · Net gain or loss

    total $295,420 · related or exempt $295,420

  • 8a · Fundraising events: gross income

    $312,831

  • 8a · Fundraising events: contributions included on line 1c

    $49,821

  • 8b · Fundraising events: direct expenses

    $66,203

  • 8c · Net income from fundraising events

    total $246,628

  • 10a · Gross sales of inventory

    $33,980

  • 10b · Cost of goods sold

    $17,985

  • 10c · Net income from sales of inventory

    total $15,995 · excluded $15,995

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $1,607,069 · program services $1,607,069

  • 5 · Compensation of officers, directors and key employees

    total $235,000 · program services $206,800 · management and general $28,200

  • 7 · Other salaries and wages

    total $7,067,251 · program services $5,404,417 · management and general $1,662,834

  • 9 · Other employee benefits

    total $682,876 · program services $524,738 · management and general $158,138

  • 10 · Payroll taxes

    total $530,160 · program services $407,387 · management and general $122,773

  • 11b · Fees: legal

    total $471 · management and general $471

  • 11c · Fees: accounting

    total $37,100 · management and general $37,100

  • 11f · Fees: investment management

    total $21,227 · management and general $21,227

  • 11g · Fees: other

    total $164,762 · management and general $164,762

  • 12 · Advertising and promotion

    total $123,657 · management and general $123,657

  • 13 · Office expenses

    total $195,415 · management and general $195,415

  • 14 · Information technology

    total $104,522 · program services $69,681 · management and general $34,841

  • 16 · Occupancy

    total $266,528 · program services $888 · management and general $265,640

  • 19 · Conferences, conventions and meetings

    total $46,229 · program services $46,229

  • 20 · Interest

    total $53,985 · management and general $53,985

  • 22 · Depreciation, depletion and amortization

    total $394,642 · management and general $394,642

  • 23 · Insurance

    total $404,836 · management and general $404,836

  • 24a · Other expenses: SCHOOL PROGRAM EXPENSES

    total $498,656 · program services $498,656

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $332,110 · program services $332,110

  • 24c · Other expenses: EDUCATIONAL MATERIALS

    total $212,086 · program services $212,086

  • 24d · Other expenses: FOOD

    total $190,118 · program services $190,118

  • 24e · All other expenses

    total $372,551 · program services $229,613 · management and general $22,027 · fundraising $120,911

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,671,550 · end of year $9,593,344

  • 2 · Savings and temporary cash investments

    beginning of year $1,977,333 · end of year $1,419,797

  • 3 · Pledges and grants receivable

    beginning of year $1,000 · end of year $1,263

  • 4 · Accounts receivable

    beginning of year $160,817 · end of year $178,750

  • 8 · Inventories for sale or use

    beginning of year $15,901 · end of year $19,043

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

    $24,953,867

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

    $10,986,919

  • 10c · Land, buildings and equipment, net

    beginning of year $13,874,591 · end of year $13,966,948

  • 11 · Investments: publicly traded securities

    beginning of year $3,688,833 · end of year $4,215,251

  • 15 · Other assets

    beginning of year $99,851 · end of year $49,925

  • 17 · Accounts payable and accrued expenses

    beginning of year $715,623 · end of year $1,002,700

  • 19 · Deferred revenue

    beginning of year $4,751,508 · end of year $4,777,724

  • 24 · Unsecured notes and loans payable

    beginning of year $871,289 · end of year $780,860

  • 25 · Other liabilities

    beginning of year $104,829 · end of year $53,722

  • 27 · Net assets without donor restrictions

    beginning of year $16,896,681 · end of year $18,598,934

  • 28 · Net assets with donor restrictions

    beginning of year $4,149,946 · end of year $4,230,381

Mission and programs · 2023

Mission

THE SCHOOL'S MISSION IS TO CREATE A PLACE WHERE ALL CHILDREN EXCEL IN BOTH LEARNING AND THEIR LOVE OF LEARNING AND A PLACE WHERE ALL CHILDREN EXPERIENCE LEARNING IN A NURTURING/CARING, CHILD-CENTERED AND HIGHLY ACADEMIC ENVIRONMENT.

Activities or mission (Part I)

THE SCHOOL IS A FULLY-ACCREDITED PRIVATE SCHOOL LOCATED IN TAMPA, FLORIDA. THE SCHOOL SERVES OVER 500 STUDENTS FROM PRE-KINDERGARTEN THROUGH MIDDLE SCHOOL AND OFFERS AN INTERNATIONAL BACCALAUEATE PROGRAM OF STUDY FOR ALL STUDENTS.

  • CORBETT PREPARATORY SCHOOL OF IDS IS A PRIVATE EDUCATIONAL INSTITUTION FOR GRADES PRE-KINDERGARTEN THROUGH EIGHTH GRADE. WHILE ENROLLMENT VARIES, THE SCHOOL HAS APPROXIMATELY 500 STUDENTS.

    Expenses $9,729,792 · Grants $1,607,069 · Revenue $13,710,115

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

Listed in Part VII

  • Nicholas Brian Rodriguez

    HEAD OF SCHO

    Total calculated
    $250,834
    From this org
    $235,000
    From related orgs
    $0
    Other
    $15,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $225,000
    Bonus
    $5,000
    Other
    $5,000
    Deferred
    $15,834
    Nontaxable benefits
    not reported
    Filer's total
    $250,834

  • Jeff Shannon

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Cornelia Corbett

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • Heather Ceresoli

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dr Stephanie Carey

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Bellini

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michelle Blume

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Jim Clark

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Brooke Soilieau-Henning

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Marcie Mueller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Donna Rocco

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Scott Rothstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stuart Sierra

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Karolyn Snyder

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Tomlin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Carlton Fleming

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kal Gullapalli

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Stacy Krumin

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Vera Murphy Trayner

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • INDEPENDENT DAY SCHOOLHSC LLC

    LAND HOLD · FL · assets $8,736,384

    Directly controlled by CORBETT PREPARATORY SCHOOL OF IDS INC

Provenance

Return type
form_990
Tax year
2023
Filed
27 March 2025
IRS schema version
2023v6.0
Source object
202501069349300740

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