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← ST CROIX PREPARATORY ACADEMY

Form 990 for tax year 2024

Filed by ST CROIX PREPARATORY ACADEMY.

Totals

Total revenue
$17,708,392
Total expenses
$17,524,636
Contributions and grants received
$16,570,864
Grants paid
$0
Program service revenue
$716,682
Investment income
$226,279
Other revenue
$194,567
Total assets, end of year
$13,508,203
Total liabilities, end of year
$10,735,670
Net assets or fund balances, end of year
$2,772,533
Program services expenses (Part IX)
$14,264,354
Management and general expenses
$3,260,282
Fundraising expenses
$0
Program service expenses (Part III)
$14,264,354

Program services were 81.4% 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.

  • 1c · Fundraising events

    $5,351

  • 1e · Government grants (contributions)

    $16,388,088

  • 1f · All other contributions, gifts and grants

    $177,425

  • 1g · Noncash contributions included above

    $50,238

  • 2a · Program service revenue: Fees from Patrons

    total $556,443 · related or exempt $556,443

  • 2b · Program service revenue: Food Sales to Pupils

    total $74,543 · related or exempt $74,543

  • 2c · Program service revenue: Student Activities

    total $53,605 · related or exempt $53,605

  • 2d · Program service revenue: Med Assist

    total $12,601 · related or exempt $12,601

  • 2e · Program service revenue: Food Sales to Adults

    total $11,590 · related or exempt $11,590

  • 2f · All other program service revenue

    total $7,900 · related or exempt $7,900

  • 3 · Investment income

    total $232,808 · excluded $232,808

  • 6a · Gross rents

    real property $19,280

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $19,280

  • 6d · Net rental income or loss

    total $19,280 · related or exempt $19,280

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

    other assets $6,529

  • 7c · Gain or loss

    other assets -$6,529

  • 7d · Net gain or loss

    total -$6,529 · excluded -$6,529

  • 8a · Fundraising events: gross income

    $409,028

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

    $5,351

  • 8b · Fundraising events: direct expenses

    $280,317

  • 8c · Net income from fundraising events

    total $128,711 · excluded $128,711

  • 10a · Gross sales of inventory

    $38,906

  • 10b · Cost of goods sold

    $22,105

  • 10c · Net income from sales of inventory

    total $16,801 · excluded $16,801

  • 11a · Other revenue: Misc Local Revenue

    total $29,775 · related or exempt $29,775

  • 11e · Other revenue, total

    $29,775

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $644,061 · program services $230,943 · management and general $413,118

  • 7 · Other salaries and wages

    total $8,673,108 · program services $7,287,428 · management and general $1,385,680

  • 8 · Pension plan contributions

    total $690,603 · program services $536,960 · management and general $153,643

  • 9 · Other employee benefits

    total $897,626 · program services $775,407 · management and general $122,219

  • 10 · Payroll taxes

    total $696,600 · program services $566,053 · management and general $130,547

  • 11b · Fees: legal

    total $13,442 · management and general $13,442

  • 11c · Fees: accounting

    total $167,983 · management and general $167,983

  • 11g · Fees: other

    total $687,252 · program services $560,187 · management and general $127,065

  • 13 · Office expenses

    total $942,156 · program services $340,355 · management and general $601,801

  • 14 · Information technology

    total $254,111 · program services $207,175 · management and general $46,936

  • 16 · Occupancy

    total $2,477,722 · program services $2,473,680 · management and general $4,042

  • 17 · Travel

    total $40,955 · program services $37,584 · management and general $3,371

  • 20 · Interest

    total $13,412 · program services $12,358 · management and general $1,054

  • 22 · Depreciation, depletion and amortization

    total $554,870 · program services $465,489 · management and general $89,381

  • 23 · Insurance

    total $62,971 · program services $62,971

  • 24a · Other expenses: Program Materials and S

    total $707,764 · program services $707,764

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,592,516 · end of year $1,913,566

  • 2 · Savings and temporary cash investments

    beginning of year $3,000,000 · end of year $3,000,000

  • 3 · Pledges and grants receivable

    end of year $2,024,353

  • 4 · Accounts receivable

    beginning of year $2,700,161 · end of year $454,044

  • 8 · Inventories for sale or use

    beginning of year $6,813 · end of year $7,915

  • 9 · Prepaid expenses and deferred charges

    beginning of year $99,004 · end of year $152,769

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

    $7,500,816

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

    $3,660,160

  • 10c · Land, buildings and equipment, net

    beginning of year $3,978,757 · end of year $3,840,656

  • 15 · Other assets

    beginning of year $2,550,944 · end of year $2,114,900

  • 17 · Accounts payable and accrued expenses

    beginning of year $790,945 · end of year $785,936

  • 19 · Deferred revenue

    beginning of year $63,424 · end of year $87,963

  • 25 · Other liabilities

    beginning of year $10,505,535 · end of year $9,861,771

  • 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 $2,568,291 · end of year $2,772,533

Mission and programs · 2024

Mission

SCPA is a public school serving approximately 1,191 students in grades K-12 in fiscal year 7/1/2024-6/30/2025. Student retention over a ten year period remains an average of 96% (because the school is a school of parent choice, the Board interpolates a parent satisfaction rate of 96% as well); Faculty retention, over a five year period, averages over 88%; Average State standardized test scores are 16-22% higher than the resident district.

Activities or mission (Part I)

To develop each student's academic potential, personal character and leadership qualities through an academically rigorous and content-rich educational program grounded in the classical tradition.

  • SCPA is a public school serving approximately 1,191 students in grades K-12 in fiscal year 7/1/2024-6/30/2025. Student retention over a ten year period remains an average of 96% (because the school is a school of parent choice, the Board interpolates a parent satisfaction rate of 96% as well); Faculty retention, over a five year period, averages over 88%; Average State standardized test scores are 16-22% higher than the resident district.

    Expenses $14,264,354 · Revenue $765,737

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

Listed in Part VII

  • Bob Hajlo

    Chair/Community Member

    Total calculated
    $0
    Hours/week
    1

  • Terri Gulbrandson

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Danielle Smith

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Angela Galati

    Clerk/Teacher

    Total calculated
    $86,446
    From this org
    $71,110
    From related orgs
    $0
    Other
    $15,336
    Hours/week
    41

  • Deborah Keyes

    Member/Teacher

    Total calculated
    $84,216
    From this org
    $57,326
    From related orgs
    $0
    Other
    $26,890
    Hours/week
    41

  • Rita Thorson

    Member/Teacher

    Total calculated
    $100,933
    From this org
    $85,177
    From related orgs
    $0
    Other
    $15,756
    Hours/week
    41

  • Jeff Johnson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Kelly Gutierrez

    Executive Director of Finance

    Total calculated
    $183,527
    From this org
    $157,107
    From related orgs
    $0
    Other
    $26,420
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $157,107
    Bonus
    $0
    Other
    $0
    Deferred
    $11,700
    Nontaxable benefits
    $14,720
    Filer's total
    $183,527

  • Jon Gutierrez

    Executive Director (resigned 6.30.25)

    Total calculated
    $225,189
    From this org
    $201,363
    From related orgs
    $0
    Other
    $23,826
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,363
    Bonus
    $0
    Other
    $0
    Deferred
    $14,728
    Nontaxable benefits
    $9,098
    Filer's total
    $225,189

  • William Blotske

    Facilities Director

    Total calculated
    $155,586
    From this org
    $136,657
    From related orgs
    $0
    Other
    $18,929
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $136,657
    Bonus
    $0
    Other
    $0
    Deferred
    $10,053
    Nontaxable benefits
    $8,876
    Filer's total
    $155,586

  • Joann Karetov

    Principal

    Total calculated
    $167,501
    From this org
    $145,302
    From related orgs
    $0
    Other
    $22,199
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,302
    Bonus
    $0
    Other
    $0
    Deferred
    $12,593
    Nontaxable benefits
    $9,606
    Filer's total
    $167,501

  • Amy Kleinboehl

    Principal

    Total calculated
    $152,119
    From this org
    $127,423
    From related orgs
    $0
    Other
    $24,696
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $127,423
    Bonus
    $0
    Other
    $0
    Deferred
    $11,375
    Nontaxable benefits
    $13,321
    Filer's total
    $152,119

  • Peggy Rosell

    Director of Student Services

    Total calculated
    $152,647
    From this org
    $134,241
    From related orgs
    $0
    Other
    $18,406
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,241
    Bonus
    $0
    Other
    $0
    Deferred
    $11,375
    Nontaxable benefits
    $7,031
    Filer's total
    $152,647

  • Andrew Sachariason

    Principal

    Total calculated
    $176,184
    From this org
    $136,497
    From related orgs
    $0
    Other
    $39,687
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,497
    Bonus
    $0
    Other
    $0
    Deferred
    $12,610
    Nontaxable benefits
    $27,077
    Filer's total
    $176,184

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 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.

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
IRS schema version
2024v5.5
Source object
202632089349300228

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