Skip to content
Nonprofiteer
← NORTHEAST COLLEGE PREP

Form 990 for tax year 2023

Filed by NORTHEAST COLLEGE PREP.

Totals

Total revenue
$7,163,723
Total expenses
$6,585,230
Contributions and grants received
$6,413,685
Grants paid
$0
Program service revenue
$311,061
Investment income
$33,657
Other revenue
$405,320
Total assets, end of year
$3,243,759
Total liabilities, end of year
$4,444,568
Net assets or fund balances, end of year
-$1,200,809
Program services expenses (Part IX)
$5,687,990
Management and general expenses
$897,240
Fundraising expenses
$0
Program service expenses (Part III)
$5,687,990

Program services were 86.4% 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.

  • 1e · Government grants (contributions)

    $6,279,375

  • 1f · All other contributions, gifts and grants

    $134,310

  • 2a · Program service revenue: Misc. Local Revenue

    total $300,424 · related or exempt $300,424

  • 2b · Program service revenue: Medical Assistance

    total $6,822 · related or exempt $6,822

  • 2c · Program service revenue: Fees from Patrons

    total $3,815 · related or exempt $3,815

  • 3 · Investment income

    total $33,657 · excluded $33,657

  • 11a · Other revenue: Pension Revenue

    total $405,320 · excluded $405,320

  • 11e · Other revenue, total

    $405,320

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $257,370 · program services $224,204 · management and general $33,166

  • 7 · Other salaries and wages

    total $2,627,971 · program services $2,299,975 · management and general $327,996

  • 8 · Pension plan contributions

    total $218,084 · program services $176,197 · management and general $41,887

  • 9 · Other employee benefits

    total $418,991 · program services $353,550 · management and general $65,441

  • 10 · Payroll taxes

    total $212,299 · program services $185,785 · management and general $26,514

  • 11b · Fees: legal

    total $5,926 · management and general $5,926

  • 11c · Fees: accounting

    total $98,379 · management and general $98,379

  • 11g · Fees: other

    total $712,633 · program services $545,630 · management and general $167,003

  • 13 · Office expenses

    total $81,653 · program services $56,581 · management and general $25,072

  • 14 · Information technology

    total $104,103 · program services $67,853 · management and general $36,250

  • 16 · Occupancy

    total $629,369 · program services $629,369

  • 17 · Travel

    total $743,767 · program services $742,784 · management and general $983

  • 20 · Interest

    total $26,349 · program services $5,113 · management and general $21,236

  • 22 · Depreciation, depletion and amortization

    total $109,520 · program services $98,280 · management and general $11,240

  • 23 · Insurance

    total $23,466 · program services $23,466

  • 24a · Other expenses: Food/Milk

    total $219,765 · program services $216,401 · management and general $3,364

  • 24b · Other expenses: Instructional Supplies

    total $62,073 · program services $62,073

  • 24c · Other expenses: Dues and Memberships

    total $32,151 · program services $135 · management and general $32,016

  • 24d · Other expenses: Equipment

    total $1,361 · program services $594 · management and general $767

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $812,964 · end of year $1,147,788

  • 3 · Pledges and grants receivable

    beginning of year $806,882 · end of year $508,390

  • 4 · Accounts receivable

    beginning of year $157,958 · end of year $196,350

  • 9 · Prepaid expenses and deferred charges

    beginning of year $85,097 · end of year $33,586

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

    $821,050

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

    $421,687

  • 10c · Land, buildings and equipment, net

    beginning of year $489,307 · end of year $399,363

  • 15 · Other assets

    beginning of year $1,471,866 · end of year $958,282

  • 17 · Accounts payable and accrued expenses

    beginning of year $608,473 · end of year $395,962

  • 25 · Other liabilities

    beginning of year $4,965,522 · end of year $4,048,606

  • 27 · Net assets without donor restrictions

    beginning of year -$1,750,185 · end of year -$1,241,073

  • 28 · Net assets with donor restrictions

    beginning of year $264 · end of year $40,264

Mission and programs · 2023

Mission

Northeast College Prep will ensure strong academic, social-emotional, and talent development in every member of its diverse student body, thereby positioning each student for college graduation, career success, and positive community impact.

  • Northeast College Prep has strived to succeed as a proof-point that all students, regardless of background, flourish when a school's entire staff deeply believes in the potential and fully commits to the success of each and every one. The organization focuses on grades K-8. During fiscal year 2024, Northeast College Prep averaged 270 daily students.

    Expenses $5,687,990 · Revenue $311,061

As filed on the 2023 return.

Listed in Part VII

  • Rich Nazarian

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Erica Ahlgren

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • Josh Crossan

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • Tyler Burkhardt

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Jinah Chervinac

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • John Brakke

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • Meghna Sohoni

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • Phil Galligan

    Community Member

    Total calculated
    $0
    Hours/week
    1

  • Hadi Sanyang

    Parent Member

    Total calculated
    $0
    Hours/week
    1

  • Laura Pastor

    Teacher Member

    Total calculated
    $120,475
    From this org
    $84,667
    From related orgs
    $0
    Other
    $35,808
    Hours/week
    41

  • Andrea Halverson

    Executive Director

    Total calculated
    $75,369
    From this org
    $66,463
    From related orgs
    $0
    Other
    $8,906
    Hours/week
    41

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.

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.

  • NECP ABC

    501(c)(3) · Own the building that the School leases · MN · controlled entity

    Directly controlled by Northeast College Prep Charter School No 4219

Provenance

Return type
form_990
Tax year
2023
Filed
16 April 2025
IRS schema version
2023v6.0
Source object
202511129349301111

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.