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← UNIVERSITY PREPARATORY ACADEMY

Form 990 for tax year 2023

Filed by UNIVERSITY PREPARATORY ACADEMY.

Totals

Total revenue
$10,926,379
Total expenses
$10,345,565
Contributions and grants received
$10,913,769
Grants paid
$0
Program service revenue
$0
Investment income
$12,610
Other revenue
$0
Total assets, end of year
$8,129,793
Total liabilities, end of year
$2,622,614
Net assets or fund balances, end of year
$5,507,179
Program services expenses (Part IX)
$9,196,916
Management and general expenses
$1,148,649
Fundraising expenses
$0
Program service expenses (Part III)
$9,196,916

Program services were 88.9% 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)

    $10,586,690

  • 1f · All other contributions, gifts and grants

    $327,079

  • 3 · Investment income

    total $12,610 · excluded $12,610

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $5,585,737 · program services $5,452,996 · management and general $132,741

  • 9 · Other employee benefits

    total $1,270,887 · program services $1,221,863 · management and general $49,024

  • 11g · Fees: other

    total $1,474,456 · program services $1,017,858 · management and general $456,598

  • 16 · Occupancy

    total $100,523 · program services $47,866 · management and general $52,657

  • 17 · Travel

    total $36,468 · program services $36,468

  • 22 · Depreciation, depletion and amortization

    total $1,212,432 · program services $924,213 · management and general $288,219

  • 23 · Insurance

    total $103,998 · management and general $103,998

  • 24a · Other expenses: BOOKS AND SUPPLIES

    total $500,469 · program services $436,358 · management and general $64,111

  • 24b · Other expenses: DUES AND MEMBERSHIPS

    total $54,091 · program services $54,091

  • 24c · Other expenses: COMMUNICATIONS

    total $6,504 · program services $5,203 · management and general $1,301

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,383,412 · end of year $4,806,011

  • 4 · Accounts receivable

    beginning of year $3,896,580 · end of year $2,070,405

  • 9 · Prepaid expenses and deferred charges

    beginning of year $41,851 · end of year $13,503

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

    $247,657

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

    $108,073

  • 10c · Land, buildings and equipment, net

    beginning of year $162,380 · end of year $139,584

  • 14 · Intangible assets

    beginning of year $2,062,147 · end of year $1,087,290

  • 15 · Other assets

    end of year $13,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,738,168 · end of year $637,304

  • 19 · Deferred revenue

    beginning of year $740,259 · end of year $683,421

  • 25 · Other liabilities

    beginning of year $2,141,578 · end of year $1,301,889

  • 27 · Net assets without donor restrictions

    beginning of year $4,914,247 · end of year $5,495,061

  • 28 · Net assets with donor restrictions

    beginning of year $12,118 · end of year $12,118

Mission and programs · 2023

Mission

TO PREPARE STUDENTS TO ENTER AND EXCEL IN THE BEST COLLEGES AND UNIVERSITIES IN THE NATION, WHILE PROVIDING A STRONG, SUPPORTIVE, SMALL SCHOOL ENVIRONMENT IN ORDER FOR THESE STUDENTS TO EXCEL ACADEMICALLY.

Activities or mission (Part I)

TO PREPARE STUDENTS TO ENTER AND EXCEL IN THE BEST COLLEGES AND UNIVERSITIES IN THE NATION.

  • OPERATION OF PUBLIC CHARTER SCHOOL

    Expenses $9,196,916

As filed on the 2023 return.

Listed in Part VII

  • Patrick Dunkley

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • James Romero

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Paige Cisewski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Faatemeh Lubinsky

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Farooq Bhatti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Amy Ulug

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Darnella Aulani

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • David Porter

    EXCECUTIVE D

    Total calculated
    $0
    Hours/week
    40

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349305488

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