Civic Intelligence

Village Preparatory School

990 • Fiscal year 2019 • EIN 26-2367774

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 06, 2020

Organization Profilewww.theprepschools.org
1415 East 36th StreetCleveland, OH 44114

(216) 456-2070

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

98th percentile

1.80x

Higher debt load relative to assets than 98% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

1.29x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

70th percentile

12%

Higher net margin than 70% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

66th percentile

8.8%

Faster asset growth than 66% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2019

Revenue Growth

37th percentile

-0.2%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2019

Balance Sheet
Liabilities / Assets98th percentile

Assets

Up

$3,675,372

Up $572,657 (+18%) from 2017

Net Assets

Up

-$2,947,049

Up $1,551,336 (+34%) from 2017

Liabilities

Down

$6,622,421

Down $978,679 (-13%) from 2017

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin70th percentile

Revenue

Down

$5,152,421

Down $25,758 (-0.5%) from 2017

Expenses

Down

$4,517,349

Down $988,483 (-18%) from 2017

Net Income

Up

$635,072

Up $962,725 (+294%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth66th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10M-$20MAssets 2017: $3,102,715Liabilities 2017: $7,601,100Net Assets 2017: -$4,498,3852017Assets 2019: $3,675,372Liabilities 2019: $6,622,421Net Assets 2019: -$2,947,0492019Assets 2020: $7,795,759Liabilities 2020: $20,378,452Net Assets 2020: -$12,582,6932020Assets 2021: $9,055,920Liabilities 2021: $20,167,838Net Assets 2021: -$11,111,9182021Assets 2022: $16,155,164Liabilities 2022: $21,942,121Net Assets 2022: -$5,786,9572022Assets 2025: $16,253,940Liabilities 2025: $18,935,178Net Assets 2025: -$2,681,2382025

Highlighted filing

2019

Assets$3,675,372
Liabilities$6,622,421
Net Assets-$2,947,049
Open 2019 Filing

Operations Trend

Revenue Growth37th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MRevenue 2017: $5,178,179Expenses 2017: $5,505,832Net Income 2017: -$327,6532017Revenue 2019: $5,152,421Expenses 2019: $4,517,349Net Income 2019: $635,0722019Revenue 2020: $8,657,531Expenses 2020: $9,150,414Net Income 2020: -$492,8832020Revenue 2021: $9,599,473Expenses 2021: $8,128,698Net Income 2021: $1,470,7752021Revenue 2022: $13,142,444Expenses 2022: $7,817,483Net Income 2022: $5,324,9612022Revenue 2025: $12,964,592Expenses 2025: $12,921,620Net Income 2025: $42,9722025

Highlighted filing

2019

Revenue$5,152,421
Expenses$4,517,349
Net Income$635,072
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 6, 2020
Return Version
2018v3.1
Gross Receipts
$5,152,421
Mission and Program Overview

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 for themselves and the community.

The Prep Schools' mission is to seek 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$591,328$807,860▲ $216,532
Land, Buildings, and Equipment, Net$287,340$270,968▼ $16,372
Pledges and Grants Receivable$380,540$255,330▼ $125,210
Prepaid Expenses and Deferred Charges-$47,188-
Accounts Receivable$26,756$18,947▼ $7,809
Total Assets$3,347,101$3,675,372▲ $328,271
Other Assets Total$2,061,137$2,275,079▲ $213,942
Liabilities
Other Liabilities$6,519,772$6,308,744▼ $211,028
Accounts Payable and Accrued Expenses$405,737$312,656▼ $93,081
Grants Payable$3,713$1,021▼ $2,692
Total Liabilities$6,929,222$6,622,421▼ $306,801
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$105,160-
Unrestricted Net Assets$-3,582,121$-3,052,209▲ $529,912
Total Net Assets Fund Balance$-3,582,121$-2,947,049▲ $635,072
Total Liabilities and Net Assets / Fund Balance$3,347,101$3,675,372▲ $328,271

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$6,147-
Other Land Buildings$0--
Land$0--
Equipment$0$36,889-
Leasehold Improvements$270,968$56,481-
Other Assets Org$118,651--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018----$0
2017----$0
2016----$0
2015----$0
2014----$0
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleBaseTotal
Randy YatesPrincipal$90,163$90,163
Akida ParikhDirector of Operations$51,957$51,957

Board Members and Trustees

NameTitle
Alan KopitBoard President
Andrew LeeBoard Member
Bradley SchlangBoard Member
Danielle EisenbergBoard Member
Dennis SutcliffeBoard Member
Jeffrey FastBoard Member
Kristen San MarcoBoard Member
Marsha Jo FrenchBoard member
Montrie Rucker AdamsBoard Member
Ruben DelrosarioBoard Member
Sam SteinhouseBoard Member
Sean KellyBoard Member
Wendy NealBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$4,714,790
Program Service Revenue
$166,608
Investment Income
$953
Other Revenue
$270,070
All Other Contributions
$394,096
Change in Net Assets
$635,072

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,152,421
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,152,421
Total Revenue per Form 990
$5,152,421
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,549,226
Other Expenses$1,968,123
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,089,889$181,730-$2,271,619
Fees for Services Other$631,123$74,775-$705,898
Fees for Services Management-$665,056-$665,056
Occupancy$327,388$28,468-$355,856
Other Employee Benefits$236,821$20,593-$257,414
Current Officers, Directors, Trustees, and Key Employees$130,750$11,370-$142,120
Other Expenses$38,640$3,360-$42,000
Depreciation Depletion$16,372--$16,372
Conferences and Meetings$6,698$582-$7,280
Pension Plan Contributions$-112,173$-9,754-$-121,927
Total Functional Expenses$3,530,401$986,948$0$4,517,349

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,517,349
Total Expenses per Audited Statements$4,517,349
Total Expenses per Form 990$4,517,349
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$5,046,229
OPEB Deferred Inflows$602,004
Pension Deferred Inflows$450,303
Net OPEB Liabiltiy$210,208
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Part VI, Line 19

“Documents are available upon request.”

Part VI, Line 15A/15B

“The Organization's Board and management reviews compliance with the conflicts of interest policy.”

Part VI, Line 11B

“Form 990 is sent to the Finance committee of the Board for review and acceptance.”

Part VI, Line 3

“Management Company: Breakthrough Charter Schools Services: Administration, Operations, Human Resources, Student Recruitment, Information Technology Support, Finance and Accounting.”

Part VI, Line 15A/15B

“The Organization's Board of Directors determines appropriate compensation using comparability data.”

Filing and Contact Details

Filer

Filer Name
Village Preparatory School
EIN
26-2367774
Phone
2164562070
Address
1415 East 36th Street, Cleveland, OH 44114

Signing Officer

Name
James G Zupka
Title
Partner
Signed
2020-01-06

Organization Details

Formed
2008
Legal Domicile
Oh
Voting Board Members
13
Independent Board Members
13
Employees
63
Volunteers
24

Preparer

Firm
James G Zupka CPA Inc
Address
5240 East 98th Street, Garfield Heights, OH 44125
Preparer
James G Zupka
Phone
2164756136
Supplemental Narrative

Additional Explanations

Part IX, Line 11G

“Professional and Technical Services $422,610; Communications $3,900; Utilities $44,321; Contracted Craft or Trade Service $180,489; Pupil Transportation $54,578”

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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt028468
IRS990/OccupancyGrp/ProgramServicesAmt0327388
IRS990/OccupancyGrp/TotalAmt0355856
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02061137
IRS990/OtherAssetsTotalGrp/EOYAmt02275079
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt020593
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0236821
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0257414
IRS990/OtherExpensesGrp/Desc0Materials and Supplies
IRS990/OtherExpensesGrp/Desc1Equipment
IRS990/OtherExpensesGrp/Desc2Other
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08350
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12418
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23360
IRS990/OtherExpensesGrp/ProgramServicesAmt0137080
IRS990/OtherExpensesGrp/ProgramServicesAmt127813
IRS990/OtherExpensesGrp/ProgramServicesAmt238640
IRS990/OtherExpensesGrp/TotalAmt0145430
IRS990/OtherExpensesGrp/TotalAmt130231
IRS990/OtherExpensesGrp/TotalAmt242000
IRS990/OtherLiabilitiesGrp/BOYAmt06519772
IRS990/OtherLiabilitiesGrp/EOYAmt06308744
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Tax Distribution
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0270070
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0270070
IRS990/OtherRevenueTotalAmt0270070
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0181730
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02089889
IRS990/OtherSalariesAndWagesGrp/TotalAmt02271619
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0-9754
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-112173
IRS990/PensionPlanContributionsGrp/TotalAmt0-121927
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0380540
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0255330
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt047188
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Randy Yates
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Extracurricular Activities
IRS990/ProgramServiceRevenueGrp/Desc1Other Operating Revenues
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0430
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1166178
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0430
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1166178
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0209572
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04561716
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01987814
IRS990/PYOtherRevenueAmt0304371
IRS990/PYProgramServiceRevenueAmt075359
IRS990/PYRevenuesLessExpensesAmt02201574
IRS990/PYSalariesCompEmpBnftPaidAmt0752058
IRS990/PYTotalExpensesAmt02739872
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04941446
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0635072
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0437631
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06147
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt06147
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt00
IRS990ScheduleD/EndingBalanceAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt036889
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt036889
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04517349
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0270968
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt056481
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0327449
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0334246
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11822182
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2118651
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Pension Deferred Outflows
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OPEB Deferred Outflows
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05046229
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1210208
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2450303
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3602004
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liabiltiy
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Pension Deferred Inflows
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3OPEB Deferred Inflows
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05152421
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0270968
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02275079
IRS990ScheduleD/TotalBookValueProgramRltdAmt00
IRS990ScheduleD/TotalBookValueSecuritiesAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt04517349
IRS990ScheduleD/TotalLiabilityAmt06308744
IRS990ScheduleD/TotalRevenuePerForm990Amt05152421
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05152421
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04517349
IRS990ScheduleE/ComplianceWithRevProc7550Ind0true
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd0false
IRS990ScheduleE/DiscriminateRaceAthltProgInd0false
IRS990ScheduleE/DiscriminateRaceEducPlcyInd0false
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd0false
IRS990ScheduleE/DiscriminateRaceOtherActyInd0false
IRS990ScheduleE/DiscriminateRaceSchsInd0false
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd0false
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd0false
IRS990ScheduleE/GovernmentFinancialAidRcvdInd0true
IRS990ScheduleE/GovernmentFinancialAidRvkdInd0false
IRS990ScheduleE/MaintainCpyOfAllSolInd0true
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,675,372
Liabilities
$6,622,421
Net assets
-$2,947,049
Revenue
$5,152,421
Expenses
$4,517,349
Net income
$635,072
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.3$18.9$2.68$13.0$12.9$0.04
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.2$21.9$5.79$13.1$7.82$5.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.06$20.2$11.1$9.60$8.13$1.47
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.80$20.4$12.6$8.66$9.15$0.49
2019Detailed filing. Detailed filing data is available for this year.$3.68$6.62$2.95$5.15$4.52$0.64
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.10$7.60$4.50$5.18$5.51$0.33