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Nonprofiteer
← VILLAGE PREPARATORY SCHOOL

Form 990 for tax year 2022

Filed by VILLAGE PREPARATORY SCHOOL.

Totals

Total revenue
$13,996,463
Total expenses
$10,592,154
Contributions and grants received
$12,724,665
Grants paid
$0
Program service revenue
$7,547
Investment income
$280,677
Other revenue
$983,574
Total assets, end of year
$18,552,095
Total liabilities, end of year
$20,935,743
Net assets or fund balances, end of year
-$2,383,648
Program services expenses (Part IX)
$7,822,033
Management and general expenses
$2,771,121
Fundraising expenses
$0
Program service expenses (Part III)
$7,822,033

Program services were 73.8% 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)

    $12,724,436

  • 1f · All other contributions, gifts and grants

    $229

  • 2a · Program service revenue: Other Operating Revenue

    total $7,547

  • 3 · Investment income

    total $280,677 · related or exempt $280,677

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0

  • 8c · Net income from fundraising events

    total $0

  • 9c · Net income from gaming

    total $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: Tax Distribution

    total $983,574 · related or exempt $983,574

  • 11e · Other revenue, total

    $983,574

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $163,138 · program services $145,193 · management and general $17,945

  • 7 · Other salaries and wages

    total $4,660,405 · program services $4,147,760 · management and general $512,645

  • 8 · Pension plan contributions

    total $121,936 · program services $108,523 · management and general $13,413

  • 9 · Other employee benefits

    total $590,303 · program services $525,370 · management and general $64,933

  • 11a · Fees: management

    total $1,385,626 · program services $0 · management and general $1,385,626

  • 11g · Fees: other

    total $2,361,175 · program services $2,147,004 · management and general $214,171

  • 16 · Occupancy

    total $232,927 · program services $207,305 · management and general $25,622

  • 19 · Conferences, conventions and meetings

    total $896 · program services $797 · management and general $99

  • 20 · Interest

    total $148,323 · program services $148,323 · management and general $0

  • 22 · Depreciation, depletion and amortization

    total $523,984 · management and general $523,984

  • 24a · Other expenses: Materials and Supplies

    total $352,001 · program services $345,976 · management and general $7,025

  • 24b · Other expenses: Other

    total $51,440 · program services $45,782 · management and general $5,658

  • 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 $190,611 · end of year -$609,816

  • 2 · Savings and temporary cash investments

    beginning of year $5,703,545 · end of year $9,054,222

  • 3 · Pledges and grants receivable

    beginning of year $1,432,801 · end of year $2,022,229

  • 4 · Accounts receivable

    beginning of year $46,117 · end of year $76,484

  • 9 · Prepaid expenses and deferred charges

    beginning of year $125,698 · end of year $84,052

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

    $4,207,133

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

    $1,362,595

  • 10c · Land, buildings and equipment, net

    beginning of year $3,295,298 · end of year $2,844,538

  • 15 · Other assets

    beginning of year $5,361,094 · end of year $5,080,386

  • 17 · Accounts payable and accrued expenses

    beginning of year $453,676 · end of year $591,955

  • 18 · Grants payable

    beginning of year $6,263 · end of year $11,804

  • 24 · Unsecured notes and loans payable

    beginning of year $2,920,389 · end of year $2,557,996

  • 25 · Other liabilities

    beginning of year $18,561,793 · end of year $17,773,988

  • 27 · Net assets without donor restrictions

    beginning of year -$6,478,854 · end of year -$3,163,912

Mission and programs · 2022

Mission

To provide a high quality, academically rigorous education for the college bound scholar. We empower our scholars to think critically, assume social responsibility, and serve as advocates from themselves and the community.

Activities or mission (Part I)

To provide a high quality, academically rigorous education for the college bound scholar. We empower our scholars to think critically, assume social responsibility, and serve as advocates for themselves and the community.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $7,373,934 · Revenue $832,460

  • Expenses $448,099 · Revenue $431,791

As filed on the 2022 return. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Danielle Eisenberg

    Academic Committee Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Cynthia Tancer

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Linda Zucca

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Joy Johnson

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Alan S Kopit

    Board Member

    Total calculated
    $0
    Hours/week
    0.5

  • Kelly Foerg

    Principal

    Total calculated
    $82,668
    From this org
    $82,668
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marcus Jonson

    Principal

    Total calculated
    $80,470
    From this org
    $80,470
    From related orgs
    $0
    Other
    $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.

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
8 November 2023
IRS schema version
2022v5.0
Source object
202401319349303155

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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