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Nonprofiteer
← KARL G MAESER PREPARATORY ACADEMY

Form 990 for tax year 2022

Filed by KARL G MAESER PREPARATORY ACADEMY.

Totals

Total revenue
$6,618,832
Total expenses
$5,531,895
Contributions and grants received
$6,063,926
Grants paid
$0
Program service revenue
$396,197
Investment income
$142,593
Other revenue
$16,116
Total assets, end of year
$15,517,041
Total liabilities, end of year
$11,484,606
Net assets or fund balances, end of year
$4,032,435
Program services expenses (Part IX)
$4,582,441
Management and general expenses
$949,454
Fundraising expenses
$0
Program service expenses (Part III)
$4,582,441

Program services were 82.8% 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)

    $6,014,684

  • 1f · All other contributions, gifts and grants

    $49,242

  • 2a · Program service revenue: STUDENT FEES AND ACTIVITIES

    total $396,197 · related or exempt $396,197

  • 3 · Investment income

    total $142,593 · excluded $142,593

  • 8a · Fundraising events: gross income

    $2,736

  • 8c · Net income from fundraising events

    total $2,736

  • 11a · Other revenue: OTHER

    total $13,380 · excluded $13,380

  • 11e · Other revenue, total

    $13,380

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,920,591 · program services $2,419,054 · management and general $501,537

  • 8 · Pension plan contributions

    total $97,525 · program services $97,525

  • 9 · Other employee benefits

    total $446,987 · program services $330,331 · management and general $116,656

  • 10 · Payroll taxes

    total $213,366 · program services $213,366

  • 11g · Fees: other

    total $230,238 · program services $109,664 · management and general $120,574

  • 13 · Office expenses

    total $44,552 · program services $44,552

  • 14 · Information technology

    total $83,421 · program services $83,421

  • 16 · Occupancy

    total $204,578 · program services $163,295 · management and general $41,283

  • 17 · Travel

    total $47,133 · program services $47,133

  • 19 · Conferences, conventions and meetings

    total $21,301 · program services $21,301

  • 20 · Interest

    total $364,226 · program services $301,713 · management and general $62,513

  • 22 · Depreciation, depletion and amortization

    total $285,674 · program services $269,919 · management and general $15,755

  • 23 · Insurance

    total $21,130 · program services $21,130

  • 24a · Other expenses: SUPPLIES & MATERIALS

    total $317,285 · program services $237,915 · management and general $79,370

  • 24b · Other expenses: REPAIRS & MAITENANCE

    total $107,019 · program services $107,019

  • 24c · Other expenses: TEXTBOOKS & EQUIPMENT

    total $61,063 · program services $61,063

  • 24d · Other expenses: DUES & FEES

    total $49,583 · program services $49,583

  • 24e · All other expenses

    total $16,223 · program services $4,457 · management and general $11,766

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,343,945 · end of year $857,142

  • 2 · Savings and temporary cash investments

    beginning of year $4,302,045 · end of year $5,846,955

  • 3 · Pledges and grants receivable

    beginning of year $300,504 · end of year $195,664

  • 4 · Accounts receivable

    beginning of year $3,401 · end of year $4,914

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,818

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

    $11,803,240

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

    $3,190,874

  • 10c · Land, buildings and equipment, net

    beginning of year $8,700,889 · end of year $8,612,366

  • 17 · Accounts payable and accrued expenses

    beginning of year $277,861 · end of year $361,674

  • 19 · Deferred revenue

    beginning of year $208,847 · end of year $236,169

  • 20 · Tax-exempt bond liabilities

    beginning of year $10,845,000 · end of year $10,495,000

  • 25 · Other liabilities

    beginning of year $399,396 · end of year $391,763

  • 27 · Net assets without donor restrictions

    beginning of year $2,945,498 · end of year $4,032,435

Mission and programs · 2022

Mission

TO MANAGE, OPERATE, GUIDE, DIRECT, AND PROMOTE A PUBLIC CHARTER SCHOOL FUNDED BY LOCAL, STATE, AND FEDERAL SOURCES.

  • OPERATION OF ONE PUBLIC CHARTER SCHOOL FOR STUDENTS FROM SEVENTH THROUGH TWELFTH GRADE.

    Expenses $4,582,441 · Revenue $396,197

As filed on the 2022 return.

Listed in Part VII

  • Cynthia Shumway

    CAO

    Total calculated
    $0
    Hours/week
    1

  • Steve Whitehouse

    CFO

    Total calculated
    $0
    Hours/week
    1

  • Paul Bingham

    ASST CFO

    Total calculated
    $0
    Hours/week
    1

  • Joanna Larsen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Jason Dodge

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Stancil

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sandra Russell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ted Gilbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    40

  • Robyn Ellis

    DIRECTOR

    Total calculated
    $136,224
    From this org
    $113,815
    From related orgs
    $0
    Other
    $22,409
    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
2022
Filed
9 February 2024
IRS schema version
2022v5.0
Source object
202430589349300808

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