Skip to content
Nonprofiteer
← ELM CITY COLLEGE PREPARATORY INC

Form 990 for tax year 2023

Filed by ELM CITY COLLEGE PREPARATORY INC.

Totals

Total revenue
$13,776,475
Total expenses
$14,928,760
Contributions and grants received
$2,460,125
Grants paid
$15,800
Program service revenue
$11,153,072
Investment income
-$6,787
Other revenue
$170,065
Total assets, end of year
$27,399,477
Total liabilities, end of year
$3,877,122
Net assets or fund balances, end of year
$23,522,355
Program services expenses (Part IX)
$12,722,695
Management and general expenses
$2,160,065
Fundraising expenses
$46,000
Program service expenses (Part III)
$12,722,695

Program services were 85.2% 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)

    $1,606,948

  • 1f · All other contributions, gifts and grants

    $853,177

  • 1g · Noncash contributions included above

    $36,966

  • 2a · Program service revenue: STATE AND LOCAL PER PUPIL OPER RE

    total $9,727,740 · related or exempt $9,727,740

  • 2b · Program service revenue: FEES FROM GOV'T TO PERFORM SERVIC

    total $1,425,332 · related or exempt $1,425,332

  • 3 · Investment income

    total $4,887 · excluded $4,887

  • 6a · Gross rents

    real property $146,890

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $146,890

  • 6d · Net rental income or loss

    total $146,890 · excluded $146,890

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

    other assets $11,674

  • 7c · Gain or loss

    other assets -$11,674

  • 7d · Net gain or loss

    total -$11,674 · excluded -$11,674

  • 11a · Other revenue: STUDENT FEES

    total $19,368 · related or exempt $19,368

  • 11d · All other revenue

    total $3,807 · related or exempt $3,807

  • 11e · Other revenue, total

    $23,175

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $15,800 · program services $15,800

  • 7 · Other salaries and wages

    total $7,097,507 · program services $5,942,399 · management and general $1,155,108

  • 8 · Pension plan contributions

    total $33,574 · program services $28,181 · management and general $5,393

  • 9 · Other employee benefits

    total $829,920 · program services $696,601 · management and general $133,319

  • 10 · Payroll taxes

    total $490,306 · program services $411,543 · management and general $78,763

  • 11a · Fees: management

    total $1,298,595 · program services $1,097,404 · management and general $155,191 · fundraising $46,000

  • 11c · Fees: accounting

    total $36,681 · management and general $36,681

  • 11g · Fees: other

    total $410,292 · program services $362,977 · management and general $47,315

  • 12 · Advertising and promotion

    total $303 · program services $256 · management and general $47

  • 13 · Office expenses

    total $228,100 · program services $158,379 · management and general $69,721

  • 14 · Information technology

    total $532,009 · program services $467,316 · management and general $64,693

  • 16 · Occupancy

    total $254,008 · program services $214,954 · management and general $39,054

  • 20 · Interest

    total $80,922 · program services $68,386 · management and general $12,536

  • 22 · Depreciation, depletion and amortization

    total $1,426,261 · program services $1,205,291 · management and general $220,970

  • 23 · Insurance

    total $119,731 · program services $101,181 · management and general $18,550

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $570,044 · program services $481,780 · management and general $88,264

  • 24b · Other expenses: FOOD SERVICE

    total $490,979 · program services $490,979

  • 24c · Other expenses: STUDENT SERVICE

    total $405,197 · program services $397,577 · management and general $7,620

  • 24d · Other expenses: SUPPLIES/MATERIALS

    total $395,903 · program services $395,561 · management and general $342

  • 24e · All other expenses

    total $212,628 · program services $186,130 · management and general $26,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,834,065 · end of year $3,094,670

  • 2 · Savings and temporary cash investments

    beginning of year $981 · end of year $721

  • 3 · Pledges and grants receivable

    beginning of year $632,966 · end of year $631,224

  • 4 · Accounts receivable

    beginning of year $421 · end of year $16,082

  • 9 · Prepaid expenses and deferred charges

    beginning of year $164 · end of year $169,844

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

    $35,596,300

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

    $12,492,330

  • 10c · Land, buildings and equipment, net

    beginning of year $24,320,345 · end of year $23,103,970

  • 14 · Intangible assets

    beginning of year $48,896 · end of year $32,302

  • 15 · Other assets

    beginning of year $285,364 · end of year $350,664

  • 17 · Accounts payable and accrued expenses

    beginning of year $167,155 · end of year $322,957

  • 23 · Secured mortgages and notes payable

    beginning of year $2,239,910 · end of year $2,187,476

  • 25 · Other liabilities

    beginning of year $1,041,497 · end of year $1,366,689

  • 27 · Net assets without donor restrictions

    beginning of year $24,674,490 · end of year $23,522,355

  • 28 · Net assets with donor restrictions

    beginning of year $150 · end of year $0

Mission and programs · 2023

Mission

ELM CITY COLLEGE PREPARATORY, INC. IS AN EDUCATIONAL CORPORATION ESTABLISHED FOR THE PURPOSE OF STRENGTHENING THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN TOP TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THEIR COMMUNITIES.

Activities or mission (Part I)

ELM CITY COLLEGE PREPARATORY, INC. IS AN EDUCATIONAL CORPORATION, ESTABLISHED FOR THE PURPOSE OF STRENGTHENING THE ACADEMIC AND CHARACTER SKILLS NEEDED FOR ALL STUDENTS TO EXCEL IN THE TOP TIER COLLEGES, TO ACHIEVE SUCCESS IN A COMPETITIVE WORLD AND TO SERVE AS THE NEXT GENERATION OF LEADERS IN THE COMMUNITIES.

  • ACADEMIC PROGRAMS FOR STUDENTS IN KINDERGARTEN THROUGH TWELFTH GRADE.

    Expenses $12,722,695 · Grants $15,800 · Revenue $11,176,247

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

Listed in Part VII

  • Alejandra Lopez Valdes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Saverin

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lavonta Bryant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patric Gregory

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patricia Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Richard Ferguson

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Shashank Ghiria

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stephanie Ma

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Allison Barkley

    ACADEMIC DEAN

    Total calculated
    $116,808
    From this org
    $109,308
    From related orgs
    $0
    Other
    $7,500
    Hours/week
    40

  • Lauren D'Addario

    PRINCIPAL

    Total calculated
    $153,909
    From this org
    $136,075
    From related orgs
    $0
    Other
    $17,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $131,299
    Bonus
    $4,685
    Other
    $91
    Deferred
    $710
    Nontaxable benefits
    $17,124
    Filer's total
    $153,909

  • Marc Michaelson

    SENIOR DIRECTOR

    Total calculated
    $213,924
    From this org
    $171,389
    From related orgs
    $0
    Other
    $42,535
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,956
    Bonus
    $8,917
    Other
    $516
    Deferred
    $2,500
    Nontaxable benefits
    $40,035
    Filer's total
    $213,924

  • Rachel Seigel

    DIRECTOR OF SCHOOL OPERATIONS

    Total calculated
    $109,604
    From this org
    $106,817
    From related orgs
    $0
    Other
    $2,787
    Hours/week
    40

  • Tanesha B Forman

    PRINCIPAL

    Total calculated
    $169,272
    From this org
    $153,356
    From related orgs
    $0
    Other
    $15,916
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,107
    Bonus
    $7,129
    Other
    $120
    Deferred
    $2,500
    Nontaxable benefits
    $13,416
    Filer's total
    $169,272

  • Katie Hagen

    FORMER TEACHER REP

    Total calculated
    $111,522
    From this org
    $102,345
    From related orgs
    $0
    Other
    $9,177
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $97,410
    Bonus
    $4,810
    Other
    $125
    Deferred
    $2,400
    Nontaxable benefits
    $6,777
    Filer's total
    $111,522

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE AMOUNTS IN PART II COLUMN B (II) REPRESENT PAYMENTS FOR BONUSES. THESE AMOUNTS WERE APPROVED BY THE BOARD AND INCLUDED IN THE INDIVIDUALS' W-2S.

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
14 May 2025
IRS schema version
2023v6.0
Source object
202511349349308421

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.