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Nonprofiteer
← LA FE PREPARATORY SCHOOL INC

Form 990 for tax year 2023

Filed by LA FE PREPARATORY SCHOOL INC.

Totals

Total revenue
$2,936,960
Total expenses
$3,072,387
Contributions and grants received
$2,917,982
Grants paid
$0
Program service revenue
$10,343
Investment income
$8,635
Other revenue
$0
Total assets, end of year
$2,330,871
Total liabilities, end of year
$1,369,511
Net assets or fund balances, end of year
$961,360
Program services expenses (Part IX)
$1,838,539
Management and general expenses
$1,233,848
Fundraising expenses
$0
Program service expenses (Part III)
$1,838,539

Program services were 59.8% 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)

    $2,917,982

  • 1g · Noncash contributions included above

    $10,205

  • 2a · Program service revenue: MISCELLANEOUS INCOME

    total $9,179 · related or exempt $9,179

  • 2b · Program service revenue: FOOD SERVICE INCOME

    total $1,164 · related or exempt $1,164

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $8,035 · excluded $8,035

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    other assets $600

  • 7c · Gain or loss

    securities $0 · other assets $600

  • 7d · Net gain or loss

    total $600 · excluded $600

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,755,750 · program services $1,293,392 · management and general $462,358

  • 8 · Pension plan contributions

    total $85,444 · program services $61,065 · management and general $24,379

  • 9 · Other employee benefits

    total $216,015 · program services $150,861 · management and general $65,154

  • 10 · Payroll taxes

    total $12,683 · program services $7,368 · management and general $5,315

  • 11b · Fees: legal

    total $2,879 · management and general $2,879

  • 11c · Fees: accounting

    total $100,218 · management and general $100,218

  • 11g · Fees: other

    total $110,344 · program services $41,558 · management and general $68,786 · fundraising $0

  • 13 · Office expenses

    total $182,596 · program services $154,707 · management and general $27,889

  • 16 · Occupancy

    total $97,711 · program services $3,762 · management and general $93,949

  • 17 · Travel

    total $3,290 · program services $1,360 · management and general $1,930

  • 20 · Interest

    total $39,401 · management and general $39,401

  • 22 · Depreciation, depletion and amortization

    total $107,730 · program services $47,035 · management and general $60,695

  • 23 · Insurance

    total $84,485 · management and general $84,485

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $197,121 · program services $711 · management and general $196,410

  • 24b · Other expenses: FOOD SUPPLIES

    total $76,720 · program services $76,720 · management and general $0

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $488,269 · end of year $308,190

  • 2 · Savings and temporary cash investments

    beginning of year $203,119 · end of year $206,856

  • 3 · Pledges and grants receivable

    beginning of year $176,277 · end of year $146,596

  • 4 · Accounts receivable

    beginning of year $47,108 · end of year $42,268

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $27,126 · end of year $40,093

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

    $2,761,594

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

    $1,250,247

  • 10c · Land, buildings and equipment, net

    beginning of year $1,421,714 · end of year $1,511,347

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $9,959 · end of year $75,521

  • 17 · Accounts payable and accrued expenses

    beginning of year $525,898 · end of year $674,603

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $719,819 · end of year $625,403

  • 25 · Other liabilities

    beginning of year $31,068 · end of year $69,505

  • 27 · Net assets without donor restrictions

    beginning of year -$20,604 · end of year $31,069

  • 28 · Net assets with donor restrictions

    beginning of year $1,117,391 · end of year $930,291

Mission and programs · 2023

Mission

TO CREATE AND PROMOTE A BILINGUAL AND MULTICULTURAL LEARNING ENVIRONMENT THAT WILL EMPOWER CHILDREN TO ACHIEVE THE HIGHEST LEVELS OF ACADEMIC, ARTISTIC, PHYSICAL, AND SOCIAL WELL-BEING BY INSTILLING CONFIDENCE AND A JOY FOR LEARNING. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.

Activities or mission (Part I)

LA FE PREPARATORY SCHOOL EDUCATES YOUTHS PRE-KINDERGARTEN TO 5TH GRADE WHILE PROMOTING AND DEVELOPING THE NEEDS OF THE COMMUNITY.

  • LA FE PREPARATORY SCHOOL (PREP SCHOOL) IS AN OPEN ENROLLMENT CHARTER SCHOOL AUTHORIZED BY THE TEXAS EDUCATION AGENCY (TEA). THE MAIN FOCUS OF THE PREP SCHOOL IS EDUCATION AND IS OPERATED IN ACCORDANCE TO THE RULES AND REGULATIONS SET FORTH BY TEA. FUNDING FOR THE PREP SCHOOL IS SUPPORTED BY STATE EDUCATION FUNDING, LOCAL-STATE-FEDERAL GRANTS, AND PRIVATE CONTRIBUTIONS.

    Expenses $1,838,539 · Revenue $10,343

As filed on the 2023 return.

Listed in Part VII

  • Lucy M Rodarte

    Chief Financial Officer

    Total calculated
    $150,004
    From this org
    $0
    From related orgs
    $135,587
    Other
    $14,417
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,587 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,423 related
    Nontaxable benefits
    $0 + $8,994 related
    Filer's total
    $0 + $150,004 related

  • Robert Gonzales

    COO/President

    Total calculated
    $94,517
    From this org
    $0
    From related orgs
    $83,292
    Other
    $11,225
    Hours/week
    5 + 35 related

  • Salvador Balcorta

    Chief Executive Officer

    Total calculated
    $239,267
    From this org
    $0
    From related orgs
    $221,416
    Other
    $17,851
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,416 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,857 related
    Nontaxable benefits
    $0 + $8,994 related
    Filer's total
    $0 + $239,267 related

  • Josefina Tinajero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Luis Gasca

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 CEO COMPENSATION:
THE CEO'S COMPENSATION IS ESTABLISHED AND PAID BY CENTRO DE SALUD FAMILIAR LA FE, INC., A RELATED ORGANIZATION. THE RELA TED ORGANIZATION USES A COMPENSATION COMMITTEE AND A BOARD APPROVAL PROCESS TO ESTABLISH THE CEO'S COMPENSATION.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • MPV DEVELOPMENT INC

    C Corporation · RE HOLDING · TX

    Directly controlled by CENTRO HOLDING

Provenance

Return type
form_990
Tax year
2023
Filed
14 July 2025
IRS schema version
2023v6.0
Source object
202541959349300859

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