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Nonprofiteer
← STRIVE PREPARATORY SCHOOLS

Form 990 for tax year 2022

Filed by STRIVE PREPARATORY SCHOOLS.

Totals

Total revenue
$58,204,623
Total expenses
$60,231,488
Contributions and grants received
$15,657,978
Grants paid
$0
Program service revenue
$41,857,940
Investment income
$315,562
Other revenue
$373,143
Total assets, end of year
$31,611,653
Total liabilities, end of year
$38,930,442
Net assets or fund balances, end of year
-$7,318,789
Program services expenses (Part IX)
$46,179,648
Management and general expenses
$14,051,840
Fundraising expenses
$0
Program service expenses (Part III)
$46,179,648

Program services were 76.7% 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.

  • 1e · Government grants (contributions)

    $12,378,755

  • 1f · All other contributions, gifts and grants

    $3,279,223

  • 2a · Program service revenue: Per Pupil Revenue

    total $32,560,635 · related or exempt $32,560,635

  • 2b · Program service revenue: District Mill Levy

    total $9,297,305 · related or exempt $9,297,305

  • 3 · Investment income

    total $315,562 · excluded $315,562

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Miscellaneous Revenue

    total $373,143 · related or exempt $373,143

  • 11e · Other revenue, total

    $373,143

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 $731,366 · program services $273,935 · management and general $457,431

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $33,294,612 · program services $24,970,959 · management and general $8,323,653

  • 8 · Pension plan contributions

    total $7,924,247 · program services $5,943,185 · management and general $1,981,062

  • 9 · Other employee benefits

    total $4,521,079 · program services $3,390,809 · management and general $1,130,270

  • 10 · Payroll taxes

    total $564,448 · program services $423,336 · management and general $141,112

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $80,725 · management and general $80,725

  • 11c · Fees: accounting

    total $55,825 · management and general $55,825

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $2,338,322 · program services $1,847,275 · management and general $491,047

  • 12 · Advertising and promotion

    total $5,688 · management and general $5,688

  • 13 · Office expenses

    total $857,418 · program services $634,489 · management and general $222,929

  • 14 · Information technology

    total $688,528 · program services $557,708 · management and general $130,820

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $3,042,141 · program services $2,555,398 · management and general $486,743

  • 17 · Travel

    total $1,132,750 · program services $1,132,750

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $442,502 · management and general $442,502

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $243,697 · program services $204,705 · management and general $38,992

  • 24a · Other expenses: Classroom Supplies

    total $366,983 · program services $366,983

  • 24b · Other expenses: Textbooks/Library

    total $562,825 · program services $562,825

  • 24c · Other expenses: Licensing

    total $630,892 · program services $630,892

  • 24d · Other expenses: Special Events

    total $700,459 · program services $637,418 · management and general $63,041

  • 24e · All other expenses

    total $2,046,981 · program services $2,046,981

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,505,145 · end of year $2,768,626

  • 2 · Savings and temporary cash investments

    beginning of year $6,912,110 · end of year $18,036,872

  • 3 · Pledges and grants receivable

    beginning of year $1,313,057 · end of year $3,201,066

  • 4 · Accounts receivable

    beginning of year $64,239 · end of year $829,583

  • 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

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $50,000

  • 8 · Inventories for sale or use

    beginning of year $79,359 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $236,211 · end of year $130,284

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

    $6,087,905

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

    $517,473

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $5,570,432

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $1,310,284 · end of year $1,024,790

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,253,452 · end of year $2,193,107

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $465,490 · end of year $85,082

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,866,866 · end of year $36,652,253

  • 29 · Capital stock, trust principal or current funds

    beginning of year $12,380,466 · end of year $28,277,367

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$545,869 · end of year -$35,596,156

Mission and programs · 2022

Mission

SUCCESS FOR EVERY STUDENT THROUGH A DEMANDING EDUCATION OF HIGH STANDARDS, STRUCTURE AND ACCOUNTABILITY, STRIVE PREPARATORY SCHOOLS PREPARE STUDENTS FOR EDUCATIONAL SUCCESS FROM ELEMENTARY THROUGH HIGH SCHOOL.

Activities or mission (Part I)

SEE SCHEDULE O

  • STRIVE PROVIDES AN INTENSIVE CURRICULUM WITH A STRONG FOCUS ON SKILL DEVELOPMENT TO STUDENTS IN GRADES K-12 FOR EDUCATIONAL SUCCESS FROM ELEMENTARY SCHOOL THROUGH HIGH SCHOOL, BENEFITING OVER 3,300 STUDENTS.

    Expenses $46,179,648 · Revenue $42,231,083

As filed on the 2022 return.

Listed in Part VII

  • Jessica Johnson

    interim CEO - thru 11/22

    Total calculated
    $257,766
    From this org
    $221,658
    From related orgs
    $0
    Other
    $36,108
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $167,491
    Bonus
    $20,000
    Other
    $34,167
    Deferred
    $27,632
    Nontaxable benefits
    $8,476
    Filer's total
    $257,766
  • Josh Devon

    Chief Financial Officer

    Total calculated
    $257,631
    From this org
    $219,982
    From related orgs
    $0
    Other
    $37,649
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $179,982
    Bonus
    $0
    Other
    $40,000
    Deferred
    $32,460
    Nontaxable benefits
    $5,189
    Filer's total
    $257,631
  • Mika Krause - thru 0123

    interim chief schools officer

    Total calculated
    $213,702
    From this org
    $181,389
    From related orgs
    $0
    Other
    $32,313
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,139
    Bonus
    $0
    Other
    $38,250
    Deferred
    $26,037
    Nontaxable benefits
    $6,276
    Filer's total
    $213,702
  • Elisha Roberts - thru 1022

    Chief Academic Officer

    Total calculated
    $210,968
    From this org
    $178,221
    From related orgs
    $0
    Other
    $32,747
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,721
    Bonus
    $0
    Other
    $30,500
    Deferred
    $26,641
    Nontaxable benefits
    $6,106
    Filer's total
    $210,968
  • Adam Lenzmeier

    VP of Schools

    Total calculated
    $192,039
    From this org
    $167,331
    From related orgs
    $0
    Other
    $24,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $135,831
    Bonus
    $0
    Other
    $31,500
    Deferred
    $24,708
    Nontaxable benefits
    $0
    Filer's total
    $192,039
  • Andrew Huber

    Chief Operations Officer

    Total calculated
    $189,602
    From this org
    $159,292
    From related orgs
    $0
    Other
    $30,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,292
    Bonus
    $0
    Other
    $20,000
    Deferred
    $25,121
    Nontaxable benefits
    $5,189
    Filer's total
    $189,602
  • Chris Gibbons - thru 0822

    Chief Executive Officer

    Total calculated
    $163,277
    From this org
    $133,981
    From related orgs
    $0
    Other
    $29,296
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,981
    Bonus
    $0
    Other
    $0
    Deferred
    $25,758
    Nontaxable benefits
    $3,538
    Filer's total
    $163,277
  • Daniella Morello - thru 0822

    Chief External Affairs Officer

    Total calculated
    $159,074
    From this org
    $130,372
    From related orgs
    $0
    Other
    $28,702
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,372
    Bonus
    $0
    Other
    $0
    Deferred
    $23,513
    Nontaxable benefits
    $5,189
    Filer's total
    $159,074
  • Andrew McKee

    Principal

    Total calculated
    $149,815
    From this org
    $123,748
    From related orgs
    $0
    Other
    $26,067
    Hours/week
    40
  • Chelsea Yondo

    Principal

    Total calculated
    $136,298
    From this org
    $114,091
    From related orgs
    $0
    Other
    $22,207
    Hours/week
    40
  • Catherine Dance

    PRINCIPAL

    Total calculated
    $134,142
    From this org
    $111,002
    From related orgs
    $0
    Other
    $23,140
    Hours/week
    40
  • Susan Morris - thru 0922

    Managing Director

    Total calculated
    $119,243
    From this org
    $103,969
    From related orgs
    $0
    Other
    $15,274
    Hours/week
    40
  • Amber Valdez

    Board Vice Chair

    Total calculated
    $0
    Hours/week
    2
  • Kayla Tibbals

    Board Chair

    Total calculated
    $0
    Hours/week
    2
  • Dietz Fry

    Board Treasurer

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • Ulysses Estrada

    Board Secretary

    Total calculated
    $0
    Hours/week
    2
  • Abi Fadeyi

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Josh Rael

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Peter Groff

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Reed Dixon

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Leticia Levya

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Toni Salais-Alvarado

    Board Member

    Total calculated
    $0
    Hours/week
    2
  • Tricia Noyola

    CEO - STARTED 11/22

    Total calculated
    $0
    Hours/week
    40
  • Indrina Kanth - Chief

    External Relations Officer

    Total calculated
    $0
    Hours/week
    40
  • Yana Smith

    Chief Equity & People Officer

    Total calculated
    $0
    Hours/week
    40
  • Christy Sadri - President

    Chief Academic Officer

    Total calculated
    $0
    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. 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

  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 4a
DESCRIPTION OF SEVERANCE OR CHANGE OF CONTROL PAYMENT: ELISHA ROBERTS AND JESSICA JOHNSON BOTH RECEIVED A QUALIFYING PAYMENT. - JESSICA JOHNSON $34,167 - ELISHA ROBERTS $34,744
SCHEDULE J, PART I, LINE 7
NON FIXED PAYMENTS: Based on meeting academic performance targets at the network, STRIVE may pay bonuses to its officers. There is no guarantee that bonuses will be paid each year.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202431369349307338

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