Totals
- Total revenue
- $17,477,716
- Total expenses
- $15,989,351
- Contributions and grants received
- $1,134,640
- Grants paid
- $2,771,775
- Program service revenue
- $13,867,225
- Investment income
- $1,920,508
- Other revenue
- $555,343
- Total assets, end of year
- $28,725,675
- Total liabilities, end of year
- $9,755,555
- Net assets or fund balances, end of year
- $18,970,120
- Program services expenses (Part IX)
- $12,828,165
- Management and general expenses
- $2,859,750
- Fundraising expenses
- $301,436
- Program service expenses (Part III)
- $12,828,165
Program services were 80.2% 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
$304,665
-
1f · All other contributions, gifts and grants
$829,975
-
1g · Noncash contributions included above
$112,362
-
2a · Program service revenue: STUDENT TUITION & FEES
total $12,810,781 · related or exempt $12,810,781
-
2b · Program service revenue: SUMMER PROGRAM
total $1,056,444 · related or exempt $1,056,444
-
3 · Investment income
total $322,691 · excluded $322,691
-
6a · Gross rents
real property $19,045
-
6b · Less rental expenses
real property $29,219
-
6c · Rental income or loss
real property -$10,174
-
6d · Net rental income or loss
total -$10,174 · excluded -$10,174
-
7a · Gross sales of assets other than inventory
securities $1,597,817
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $1,597,817
-
7d · Net gain or loss
total $1,597,817 · excluded $1,597,817
-
8a · Fundraising events: gross income
$65,905
-
8a · Fundraising events: contributions included on line 1c
$304,665
-
8b · Fundraising events: direct expenses
$178,686
-
8c · Net income from fundraising events
total -$112,781 · excluded -$112,781
-
11a · Other revenue: OTHER INCOME
total $678,298 · related or exempt $678,298
-
11e · Other revenue, total
$678,298
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,771,775 · program services $2,771,775
-
5 · Compensation of officers, directors and key employees
total $413,934 · program services $99,301 · management and general $215,333 · fundraising $99,300
-
7 · Other salaries and wages
total $6,303,371 · program services $4,638,204 · management and general $1,634,113 · fundraising $31,054
-
8 · Pension plan contributions
total $248,814 · program services $182,535 · management and general $66,093 · fundraising $186
-
9 · Other employee benefits
total $543,722 · program services $397,682 · management and general $138,718 · fundraising $7,322
-
10 · Payroll taxes
total $510,719 · program services $361,640 · management and general $139,703 · fundraising $9,376
-
11b · Fees: legal
total $14,949 · management and general $14,949
-
11c · Fees: accounting
total $87,027 · management and general $87,027
-
11f · Fees: investment management
total $50,721 · management and general $50,721
-
11g · Fees: other
total $180,811 · management and general $180,811
-
12 · Advertising and promotion
total $158,089 · management and general $142,280 · fundraising $15,809
-
14 · Information technology
total $316,079 · program services $223,816 · management and general $86,461 · fundraising $5,802
-
16 · Occupancy
total $226,716 · program services $217,179 · management and general $8,865 · fundraising $672
-
20 · Interest
total $201,290 · program services $193,790 · management and general $6,972 · fundraising $528
-
22 · Depreciation, depletion and amortization
total $1,224,084 · program services $1,181,241 · management and general $36,723 · fundraising $6,120
-
23 · Insurance
total $227,437 · program services $218,962 · management and general $7,878 · fundraising $597
-
24a · Other expenses: SUMMER PROGRAMS
total $614,281 · program services $614,281
-
24b · Other expenses: INSTRUCTIONAL EXPENSE
total $530,173 · program services $530,173
-
24c · Other expenses: CAFETERIA EXPENSES
total $461,173 · program services $443,990 · management and general $15,973 · fundraising $1,210
-
24d · Other expenses: STUDENT ACTIVITIES
total $420,046 · program services $420,046
-
24e · All other expenses
total $484,140 · program services $333,550 · management and general $27,130 · fundraising $123,460
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,946 · end of year $2,946
-
2 · Savings and temporary cash investments
beginning of year $3,911,322 · end of year $5,358,493
-
3 · Pledges and grants receivable
beginning of year $223,785 · end of year $174,330
-
4 · Accounts receivable
beginning of year $105,596 · end of year $123,052
-
8 · Inventories for sale or use
beginning of year $132,067 · end of year $134,566
-
9 · Prepaid expenses and deferred charges
beginning of year $197,691 · end of year $152,190
-
10a · Land, buildings and equipment: cost or other basis
$29,630,868
-
10b · Land, buildings and equipment: accumulated depreciation
$16,843,820
-
10c · Land, buildings and equipment, net
beginning of year $13,503,378 · end of year $12,787,048
-
11 · Investments: publicly traded securities
beginning of year $8,865,081 · end of year $9,979,614
-
15 · Other assets
beginning of year $75,479 · end of year $13,436
-
17 · Accounts payable and accrued expenses
beginning of year $420,262 · end of year $306,050
-
19 · Deferred revenue
beginning of year $3,607,017 · end of year $5,350,981
-
20 · Tax-exempt bond liabilities
beginning of year $4,505,340 · end of year $3,954,261
-
25 · Other liabilities
beginning of year $275,779 · end of year $144,263
-
27 · Net assets without donor restrictions
beginning of year $9,997,410 · end of year $9,941,112
-
28 · Net assets with donor restrictions
beginning of year $8,211,537 · end of year $9,029,008
Mission and programs · 2023
Mission
SEE SCHEDULE O
Activities or mission (Part I)
ACADEMICS ARE OUR TOP PRIORITY, BALANCE IS OUR CORE VALUE, AND COMMUNITY MAKES US WHO WE ARE. OUR CHALLENGING, INNOVATIVE PROGRAM PREPARES EACH STUDENT FOR SUCCESS IN COLLEGE - AND BEYOND - AND INSPIRES EACH STUDENT TO FIND AND ACHIEVE HIS OR HER PURPOSE IN THE WORLD.
-
INSTRUCTION - SANDIA PREP IS AN INDEPENDENT PRIVATE SCHOOL THAT SERVES APPROXIMATELY 515 DAY STUDENTS IN GRADES 6-12. SANDIA PREP PROVIDES REMARKABLE OPPORTUNITIES FOR INTELLECTUAL AND PERSONAL GROWTH WITHIN A CHALLENGING AND BALANCED PROGRAM. OUR INNOVATIVE COLLEGE PREP CURRICULUM PREPARES STUDENTS FOR SUCCESS IN COLLEGE AND BEYOND, AND INSPIRES EACH TO FIND AND ACHIEVE HIS OR HER PURPOSE IN THE WORLD.
Expenses $9,442,109 · Revenue $13,489,079
-
FINANCIAL ASSISTANCE - SANDIA PREP PROVIDES TUITION REMISSION AND FINANCIAL ASSISTANCE TO STUDENTS WHO WOULD NOT OTHERWISE BE ABLE TO ATTEND. THE FINANCIAL ASSISTANCE EXPENSES HELP FAMILIES PAY FOR THEIR STUDENTS TO ATTEND SANDIA PREP AND COMPRISE 40% OF THE STUDENT BODY.
Expenses $2,771,775 · Grants $2,771,775
-
SUMMER PROGRAMS - SANDIA PREP OFFERS A SUMMER PROGRAM THAT PROVIDES A SAFE AND EDUCATIONALLY CHALLENGING ENVIRONMENT FOR YOUNGER STUDENTS AND OUR CURRENT STUDENTS. THE SUMMER PROGRAM RECENTLY SERVED 500 STUDENTS FROM AGES 5 TO 16.
Expenses $614,281 · Revenue $1,056,444
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Heather MockHEATHER MOCK
HEAD OF SCHOOL
- Total calculated
- $331,005
- From this org
- $291,038
- From related orgs
- $0
- Other
- $39,967
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $266,038
- Bonus
- $25,000
- Other
- $0
- Deferred
- $15,561
- Nontaxable benefits
- $24,406
- Filer's total
- $331,005
-
Scott JeffriesSCOTT JEFFRIES
ASSISTANT HEAD OF SCHOOL - UPPER SCHOOL
- Total calculated
- $110,151
- From this org
- $104,813
- From related orgs
- $0
- Other
- $5,338
- Hours/week
- 40
-
Laura FitzpatrickLAURA FITZPATRICK
ASSISTANT HEAD OF SCHOOL
- Total calculated
- $111,507
- From this org
- $106,197
- From related orgs
- $0
- Other
- $5,310
- Hours/week
- 40
-
Shannon ElliottSHANNON ELLIOTT
CFO
- Total calculated
- $82,932
- From this org
- $74,957
- From related orgs
- $0
- Other
- $7,975
- Hours/week
- 40
-
Todd SandovalTODD SANDOVAL
CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Stan HubbardSTAN HUBBARD
PAST CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Robert Del CampoROBERT DEL CAMPO
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Joseph KinneyJOSEPH KINNEY
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Faith Begay-HoltropFAITH BEGAY-HOLTROP
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Charles BecknellCHARLES BECKNELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Susan Przekurat EpsteinSUSAN PRZEKURAT EPSTEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Ali HashemianALI HASHEMIAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Erik HarriganERIK HARRIGAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Trevor HatchellTREVOR HATCHELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Lisa McCullochLISA MCCULLOCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Rachael MiletkovRACHAEL MILETKOV
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Stephanie Moore-CombsSTEPHANIE MOORE-COMBS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Elyce Tryon SheehanELYCE TRYON SHEEHAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Kenneth R TekinKENNETH R TEKIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Avery VolkmanAVERY VOLKMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Lorna WigginsLORNA WIGGINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
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
- 1a · Tax indemnification and gross-up payments
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 2 · Substantiation required before reimbursing expenses
- 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
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1B
- THE HEAD OF THE SCHOOL RECEIVES A VEHICLE ALLOWANCE THAT IS GROSSED UP FOR TAXES.
- PART I, LINE 7
- BONUSES ARE PAID BASED UPON ACHIEVING CERTAIN GOALS SET BY THE BOARD.
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.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511429349300136
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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