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← ST CROIX PREPARATORY ACADEMY

Form 990 for tax year 2023

Filed by ST CROIX PREPARATORY ACADEMY.

Totals

Total revenue
$17,718,180
Total expenses
$18,388,583
Contributions and grants received
$16,491,050
Grants paid
$0
Program service revenue
$915,047
Investment income
$165,155
Other revenue
$146,928
Total assets, end of year
$13,928,195
Total liabilities, end of year
$11,359,904
Net assets or fund balances, end of year
$2,568,291
Program services expenses (Part IX)
$15,525,729
Management and general expenses
$2,862,854
Fundraising expenses
$0
Program service expenses (Part III)
$15,525,729

Program services were 84.4% 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.

  • 1c · Fundraising events

    $20,271

  • 1e · Government grants (contributions)

    $16,434,445

  • 1f · All other contributions, gifts and grants

    $36,334

  • 2a · Program service revenue: Fees from Patrons

    total $649,214 · related or exempt $649,214

  • 2b · Program service revenue: Admission and Student Activities

    total $148,780 · related or exempt $148,780

  • 2c · Program service revenue: Food Sales

    total $104,232 · related or exempt $104,232

  • 2d · Program service revenue: Tuition Revenue

    total $7,100 · related or exempt $7,100

  • 2e · Program service revenue: Medical Assistance

    total $5,721 · related or exempt $5,721

  • 3 · Investment income

    total $163,202 · excluded $163,202

  • 6a · Gross rents

    real property $20,988

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $20,988

  • 6d · Net rental income or loss

    total $20,988 · related or exempt $20,988

  • 7a · Gross sales of assets other than inventory

    other assets $2,099

  • 7b · Less cost or other basis and sales expenses

    other assets $146

  • 7c · Gain or loss

    other assets $1,953

  • 7d · Net gain or loss

    total $1,953 · related or exempt $1,953

  • 8a · Fundraising events: gross income

    $33,834

  • 8a · Fundraising events: contributions included on line 1c

    $20,271

  • 8b · Fundraising events: direct expenses

    $9,800

  • 8c · Net income from fundraising events

    total $24,034 · excluded $24,034

  • 10a · Gross sales of inventory

    $43,075

  • 10b · Cost of goods sold

    $17,730

  • 10c · Net income from sales of inventory

    total $25,345 · excluded $25,345

  • 11a · Other revenue: Pension Revenue

    total $76,561 · excluded $76,561

  • 11e · Other revenue, total

    $76,561

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $749,068 · program services $617,709 · management and general $131,359

  • 7 · Other salaries and wages

    total $8,739,447 · program services $7,222,177 · management and general $1,517,270

  • 8 · Pension plan contributions

    total $1,205,647 · program services $955,477 · management and general $250,170

  • 9 · Other employee benefits

    total $695,885 · program services $587,053 · management and general $108,832

  • 10 · Payroll taxes

    total $683,047 · program services $565,894 · management and general $117,153

  • 11b · Fees: legal

    total $12,440 · management and general $12,440

  • 11c · Fees: accounting

    total $167,911 · management and general $167,911

  • 11g · Fees: other

    total $1,156,324 · program services $992,238 · management and general $164,086

  • 13 · Office expenses

    total $430,206 · program services $369,721 · management and general $60,485

  • 14 · Information technology

    total $240,407 · program services $198,210 · management and general $42,197

  • 16 · Occupancy

    total $2,059,486 · program services $2,059,486

  • 17 · Travel

    total $71,816 · program services $55,200 · management and general $16,616

  • 20 · Interest

    total $19,488 · program services $14,361 · management and general $5,127

  • 22 · Depreciation, depletion and amortization

    total $564,647 · program services $434,863 · management and general $129,784

  • 23 · Insurance

    total $53,620 · program services $53,620

  • 24a · Other expenses: Equipment

    total $544,612 · program services $499,313 · management and general $45,299

  • 24b · Other expenses: Food

    total $444,480 · program services $396,521 · management and general $47,959

  • 24c · Other expenses: Supplies

    total $208,963 · program services $208,963

  • 24d · Other expenses: Dues and Memberships

    total $67,825 · program services $21,659 · management and general $46,166

  • 24e · All other expenses

    total $273,264 · program services $273,264

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,925,375 · end of year $1,592,516

  • 2 · Savings and temporary cash investments

    beginning of year $3,050,530 · end of year $3,000,000

  • 4 · Accounts receivable

    beginning of year $2,720,067 · end of year $2,700,161

  • 8 · Inventories for sale or use

    beginning of year $8,000 · end of year $6,813

  • 9 · Prepaid expenses and deferred charges

    beginning of year $143,300 · end of year $99,004

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

    $6,912,567

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

    $2,933,810

  • 10c · Land, buildings and equipment, net

    beginning of year $4,189,266 · end of year $3,978,757

  • 15 · Other assets

    beginning of year $3,526,477 · end of year $2,550,944

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,173,968 · end of year $790,945

  • 19 · Deferred revenue

    beginning of year $46,372 · end of year $63,424

  • 23 · Secured mortgages and notes payable

    beginning of year $180,260

  • 25 · Other liabilities

    beginning of year $10,923,472 · end of year $10,505,535

  • 27 · Net assets without donor restrictions

    beginning of year -$1,483,493 · end of year $1,974,371

  • 28 · Net assets with donor restrictions

    beginning of year $4,722,436 · end of year $593,920

Mission and programs · 2023

Mission

SCPA is a public school serving approximately 1,215 students in grades K-12 in Fy 2023-2024. Student retention over a ten year period remains an average of 96% (because the school is a school of parent choice, the Board interpolates a parent satisfaction rate of 96% as well); Faculty retention, over a five year period, averages over 88%; Average State standardized test scores are 16-22% higher than the resident district.

Activities or mission (Part I)

To develop each student's academic potential, personal character and leadership qualities through an academically rigorous and content-rich educational program grounded in the classical tradition.

  • SCPA is a public school serving approximately 1,215 students (1,186 ADM) in grades K-12 in fiscal year 2023-2024. Student retention over a ten year period remains an average of 96% (because the school is a school of parent choice, the Board interpolates a parent satisfaction rate of 96% as well); Faculty retention, over a five year period, averages over 88%; Average State standardized test scores are 16-22% higher than the resident district

    Expenses $15,525,729 · Revenue $937,988

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeff Johnson

    Parent Member

    Total calculated
    $0
    Hours/week
    1

  • Terri Gulbrandson

    Parent Member

    Total calculated
    $0
    Hours/week
    1

  • Matthew Stiles

    Parent Member

    Total calculated
    $0
    Hours/week
    1

  • Kristen Denzer

    Parent Member

    Total calculated
    $0
    Hours/week
    1

  • Bob Hajlo

    Chair/Community Member

    Total calculated
    $0
    Hours/week
    1

  • Nicole Donnay

    Vice Chair/Teacher Member

    Total calculated
    $89,832
    From this org
    $82,524
    From related orgs
    $0
    Other
    $7,308
    Hours/week
    41

  • Angela Galati

    Teacher Member

    Total calculated
    $27,874
    From this org
    $16,662
    From related orgs
    $0
    Other
    $11,212
    Hours/week
    41

  • Deb Keyes

    Teacher Member

    Total calculated
    $71,790
    From this org
    $57,754
    From related orgs
    $0
    Other
    $14,036
    Hours/week
    41

  • Rita Thorson

    Teacher Member

    Total calculated
    $87,246
    From this org
    $79,970
    From related orgs
    $0
    Other
    $7,276
    Hours/week
    41

  • Jon Gutierrez

    Executive Director

    Total calculated
    $218,715
    From this org
    $198,702
    From related orgs
    $0
    Other
    $20,013
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,702
    Bonus
    $0
    Other
    $0
    Deferred
    $14,899
    Nontaxable benefits
    $5,114
    Filer's total
    $218,715

  • Kelly Gutierrez

    Executive Director of Finance & Operations

    Total calculated
    $165,591
    From this org
    $149,046
    From related orgs
    $0
    Other
    $16,545
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,046
    Bonus
    $0
    Other
    $0
    Deferred
    $11,400
    Nontaxable benefits
    $5,145
    Filer's total
    $165,591

  • William Blotske

    Director of Building

    Total calculated
    $141,731
    From this org
    $131,614
    From related orgs
    $0
    Other
    $10,117
    Hours/week
    40

  • Joann Karetov

    Principal

    Total calculated
    $150,321
    From this org
    $140,780
    From related orgs
    $0
    Other
    $9,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,780
    Bonus
    $0
    Other
    $0
    Deferred
    $9,244
    Nontaxable benefits
    $297
    Filer's total
    $150,321

  • Andrew Sachariason

    Principal

    Total calculated
    $172,931
    From this org
    $151,999
    From related orgs
    $0
    Other
    $20,932
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,999
    Bonus
    $0
    Other
    $0
    Deferred
    $9,618
    Nontaxable benefits
    $11,314
    Filer's total
    $172,931

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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202501349349300715

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