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Nonprofiteer
← ROOSEVELT PREPARATORY ACADEMY

Form 990 for tax year 2024

Filed by ROOSEVELT PREPARATORY ACADEMY.

Totals

Total revenue
$11,653,130
Total expenses
$11,013,006
Contributions and grants received
$2,160,020
Grants paid
$0
Program service revenue
$9,268,513
Investment income
$31,727
Other revenue
$192,870
Total assets, end of year
$32,285,901
Total liabilities, end of year
$30,328,346
Net assets or fund balances, end of year
$1,957,555
Program services expenses (Part IX)
$9,435,718
Management and general expenses
$1,509,565
Fundraising expenses
$67,723
Program service expenses (Part III)
$9,435,718

Program services were 85.7% 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.

  • 1d · Related organizations

    $1,300,000

  • 1e · Government grants (contributions)

    $654,508

  • 1f · All other contributions, gifts and grants

    $205,512

  • 2a · Program service revenue: STATE EQUALIZATION

    total $8,067,530 · related or exempt $8,067,530

  • 2b · Program service revenue: CLASSROOM SITE FUNDS

    total $794,291 · related or exempt $794,291

  • 2c · Program service revenue: CO-CURRICULAR ACTIVITIES

    total $406,692 · related or exempt $406,692

  • 3 · Investment income

    total $31,727 · excluded $31,727

  • 6a · Gross rents

    real property $122,098

  • 6c · Rental income or loss

    real property $122,098

  • 6d · Net rental income or loss

    total $122,098 · excluded $122,098

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $70,772 · related or exempt $70,772

  • 11e · Other revenue, total

    $70,772

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $285,720 · program services $243,538 · management and general $39,384 · fundraising $2,798

  • 7 · Other salaries and wages

    total $5,043,079 · program services $4,298,557 · management and general $695,147 · fundraising $49,375

  • 8 · Pension plan contributions

    total $49,229 · program services $42,949 · management and general $5,822 · fundraising $458

  • 9 · Other employee benefits

    total $886,466 · program services $773,383 · management and general $104,829 · fundraising $8,254

  • 10 · Payroll taxes

    total $397,083 · program services $346,428 · management and general $46,958 · fundraising $3,697

  • 11a · Fees: management

    total $872,638 · program services $705,667 · management and general $164,764 · fundraising $2,207

  • 11c · Fees: accounting

    total $13,200 · program services $12,235 · management and general $965

  • 11g · Fees: other

    total $431,172 · program services $399,662 · management and general $31,510

  • 13 · Office expenses

    total $39,512 · program services $29,780 · management and general $9,732

  • 14 · Information technology

    total $82,465 · program services $82,465

  • 16 · Occupancy

    total $1,322,058 · program services $1,147,092 · management and general $174,966

  • 22 · Depreciation, depletion and amortization

    total $181,932 · program services $157,849 · management and general $24,083

  • 23 · Insurance

    total $30,494 · program services $24,659 · management and general $5,758 · fundraising $77

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $547,176 · program services $474,565 · management and general $72,611

  • 24b · Other expenses: SUPPLIES AND INSTR AIDS

    total $334,604 · program services $265,522 · management and general $69,082

  • 24c · Other expenses: MISCELLANEOUS

    total $161,922 · program services $130,940 · management and general $30,572 · fundraising $410

  • 24d · Other expenses: CO-CURRICULAR ACTIVITIES

    total $157,459 · program services $157,459

  • 24e · All other expenses

    total $176,797 · program services $142,968 · management and general $33,382 · fundraising $447

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,457,831 · end of year $1,449,275

  • 2 · Savings and temporary cash investments

    end of year $10,000

  • 4 · Accounts receivable

    beginning of year $395,383 · end of year $512,703

  • 9 · Prepaid expenses and deferred charges

    beginning of year $114,711 · end of year $128,403

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

    $1,247,718

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

    $641,074

  • 10c · Land, buildings and equipment, net

    beginning of year $387,082 · end of year $606,644

  • 15 · Other assets

    beginning of year $23,179,366 · end of year $29,578,876

  • 17 · Accounts payable and accrued expenses

    beginning of year $315,261 · end of year $487,971

  • 19 · Deferred revenue

    beginning of year $4,808 · end of year $2,644

  • 25 · Other liabilities

    beginning of year $23,896,873 · end of year $29,837,731

  • 27 · Net assets without donor restrictions

    beginning of year $1,317,431 · end of year $1,957,555

Mission and programs · 2024

Mission

AN ARCHWAY CLASSICAL ACADEMY TRIVIUM EAST EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.

  • AN ARCHWAY CLASSICAL ACADEMY TRIVIUM EAST EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS, AND BEAUTY.

    Expenses $9,435,718 · Revenue $9,268,513

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Robert Mulhern

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Christofer Pereyra

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • John Thorpe

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Mona Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephen Philabaum

    HEADMASTER

    Total calculated
    $63,810
    From this org
    $0
    From related orgs
    $55,112
    Other
    $8,698
    Hours/week
    40

  • Jamie Fairbanks

    HEADMASTER

    Total calculated
    $102,146
    From this org
    $0
    From related orgs
    $81,812
    Other
    $20,334
    Hours/week
    40

  • Juan Cruz

    HEADMASTER

    Total calculated
    $119,763
    From this org
    $0
    From related orgs
    $105,872
    Other
    $13,891
    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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
10 March 2026
IRS schema version
2024v5.0
Source object
202630729349300303

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