Totals
- Total revenue
- $4,530,400
- Total expenses
- $5,224,647
- Contributions and grants received
- $4,924,612
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- -$394,212
- Other revenue
- $0
- Total assets, end of year
- $29,617,451
- Total liabilities, end of year
- $29,170,040
- Net assets or fund balances, end of year
- $447,411
- Program services expenses (Part IX)
- $4,311,047
- Management and general expenses
- $808,629
- Fundraising expenses
- $104,971
- Program service expenses (Part III)
- $4,311,047
Program services were 82.5% 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)
$3,367,854
-
1f · All other contributions, gifts and grants
$1,556,758
-
3 · Investment income
total $496,943 · excluded $496,943
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7b · Less cost or other basis and sales expenses
other assets $891,155
-
7c · Gain or loss
other assets -$891,155
-
7d · Net gain or loss
total -$891,155 · excluded -$891,155
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $141,438 · program services $63,647 · management and general $77,791
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,815,302 · program services $1,598,238 · management and general $217,064
-
8 · Pension plan contributions
total $225,720 · program services $196,973 · management and general $28,747
-
9 · Other employee benefits
total $131,546 · program services $105,016 · management and general $26,530
-
10 · Payroll taxes
total $32,268 · program services $27,391 · management and general $4,877
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $46,870 · management and general $46,870
-
11c · Fees: accounting
total $31,112 · management and general $31,112
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,332,192 · program services $1,136,728 · management and general $93,208 · fundraising $102,256
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $157,115 · program services $157,115
-
17 · Travel
total $54,123 · program services $25,470 · management and general $28,653
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $106,579 · management and general $106,579
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $449,033 · program services $449,033
-
23 · Insurance
total $108,342 · program services $99,742 · management and general $8,600
-
24a · Other expenses: MISCELLANEOUS
total $227,584 · program services $97,931 · management and general $127,242 · fundraising $2,411
-
24b · Other expenses: SUPPLIES
total $140,758 · program services $131,770 · management and general $8,684 · fundraising $304
-
24c · Other expenses: UTILITIES
total $107,232 · program services $107,232
-
24d · Other expenses: REPAIRS & MAINTENANCE
total $85,909 · program services $85,909
-
24e · All other expenses
total $31,524 · program services $28,852 · management and general $2,672
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $17,493,318 · end of year $3,347,118
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $105,071 · end of year $828,500
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$25,786,062
-
10b · Land, buildings and equipment: accumulated depreciation
$478,104
-
10c · Land, buildings and equipment, net
beginning of year $11,835,002 · end of year $25,307,958
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $133,875 · end of year $133,875
-
17 · Accounts payable and accrued expenses
beginning of year $69,077 · end of year $606,572
-
23 · Secured mortgages and notes payable
beginning of year $637,725 · end of year $637,725
-
25 · Other liabilities
beginning of year $27,718,806 · end of year $27,925,743
-
27 · Net assets without donor restrictions
beginning of year $1,141,658 · end of year $217,325
-
28 · Net assets with donor restrictions
end of year $230,086
Mission and programs · 2023
Mission
Developing leading agents of changeEssence Preparatory Public School, through rigorous academics, intentional character development, and cultivating student knowledge of self, prepares all kindergarten through eighth grade students for high school, college, and beyond as leading agents of change in their communities.
-
Essence Preparatory Charter School ("Essence Prep") prepares kindergarten through eighth-grade scholars for high school, college, and beyond. We employ a student-centered approach, where rigorous academics, character development, and a structured environment build a strong foundation. Cultivating our scholars' knowledge of self is an essential step in preparing them for a future full of possibilities. At Essence Prep, every scholar makes a Journey of Self-Discovery, and it underpins everything we do. "Social-emotional learning" (SEL) is ubiquitous in schools these days but, it is clear to our team that something is lacking from existing programs. Educators have the best intentions to launch SEL programming for positive outcomes. Yet our team knows what most educators do not: real social-emotional learning starts from a deep and genuine understanding of one's self. Scholars can only be expected to uncover deep sociological or emotional truths in their world once they truly understand their own minds, bodies, and places in the world. This is especially true of the scholars we aim to serve.
Expenses $4,311,047
As filed on the 2023 return.
Listed in Part VII
-
Akeem BrownAKEEM BROWN
CEO/SUPERINTEND
- Total calculated
- $120,988
- From this org
- $120,988
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Brian DillardBRIAN DILLARD
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Kanwal S LopezKANWAL S LOPEZ
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Jackie GormanJACKIE GORMAN
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
George PedrazaGEORGE PEDRAZA
FORMER TREASUR
- Total calculated
- $0
- Hours/week
- 2
-
Henrietta MunozHENRIETTA MUNOZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Cynthia WarrickCYNTHIA WARRICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mike FrisbieMIKE FRISBIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marques MitchellMARQUES MITCHELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Lucinda VigilLUCINDA VIGIL
Treasurer
- Total calculated
- $0
- Hours/week
- 2
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
- 6 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501269349303530
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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