Civic Intelligence

The Prentice School

990 • Fiscal year 2024 • EIN 33-0120257

Jul 01, 2023 to Jun 30, 2024 • Filed on May 15, 2025

18341 Lassen DriveSanta Ana, CA 92705

(714) 538-4511

Siviq Scores

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

Liabilities / Assets

36th percentile

0.08x

Higher debt load relative to assets than 36% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

34th percentile

0.12x

Higher debt load relative to revenue than 34% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

91st percentile

57%

Higher net margin than 91% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$226,742

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

95th percentile

67%

Faster asset growth than 95% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

90th percentile

85%

Faster revenue growth than 90% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$19,090,406

Up $9,483,232 (+99%) from 2022

Net Assets

Up

$17,573,502

Up $9,174,185 (+109%) from 2022

Liabilities

Up

$1,516,904

Up $309,047 (+26%) from 2022

Revenue

Up

$12,811,828

Up $7,070,609 (+123%) from 2022

Expenses

Up

$5,539,656

Up $801,199 (+17%) from 2022

Net Income

Up

$7,272,172

Up $6,269,410 (+625%) from 2022

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2012: $9,365,116Liabilities 2012: $1,172,391Net Assets 2012: $8,192,7252012Assets 2013: $9,181,359Liabilities 2013: $999,486Net Assets 2013: $8,181,8732013Assets 2014: $8,588,756Liabilities 2014: $616,844Net Assets 2014: $7,971,9122014Assets 2015: $8,013,805Liabilities 2015: $592,091Net Assets 2015: $7,421,7142015Assets 2016: $7,568,974Liabilities 2016: $722,548Net Assets 2016: $6,846,4262016Assets 2017: $7,300,516Liabilities 2017: $734,793Net Assets 2017: $6,565,7232017Assets 2019: $6,812,609Liabilities 2019: $824,066Net Assets 2019: $5,988,5432019Assets 2021: $8,768,207Liabilities 2021: $1,178,946Net Assets 2021: $7,589,2612021Assets 2022: $9,607,174Liabilities 2022: $1,207,857Net Assets 2022: $8,399,3172022Assets 2024: $19,090,406Liabilities 2024: $1,516,904Net Assets 2024: $17,573,5022024

Highlighted filing

2024

Assets$19,090,406
Liabilities$1,516,904
Net Assets$17,573,502

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2012: $4,450,4972012Expenses 2013: $4,176,2822013Revenue 2014: $3,597,400Expenses 2014: $3,918,563Net Income 2014: -$321,1632014Revenue 2015: $3,100,670Expenses 2015: $3,622,830Net Income 2015: -$522,1602015Revenue 2016: $3,376,888Expenses 2016: $3,918,855Net Income 2016: -$541,9672016Revenue 2017: $4,268,194Expenses 2017: $4,626,641Net Income 2017: -$358,4472017Revenue 2019: $4,071,213Expenses 2019: $4,009,551Net Income 2019: $61,6622019Revenue 2021: $5,025,874Expenses 2021: $4,150,611Net Income 2021: $875,2632021Revenue 2022: $5,741,219Expenses 2022: $4,738,457Net Income 2022: $1,002,7622022Revenue 2024: $12,811,828Expenses 2024: $5,539,656Net Income 2024: $7,272,1722024

Highlighted filing

2024

Revenue$12,811,828
Expenses$5,539,656
Net Income$7,272,172
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$13,497,277
Mission and Program Overview

Mission

Our mission is to empower children with learning differences to fulfill their potential as students and citizens through an adaptive learning environment based on teaching to our student's strengths and unique needs.

Create an optimal learning environment for students with language-based learning differences and attentional challenges.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,269,373$7,111,008▲ $3,841,635
Land, Buildings, and Equipment, Net$5,023,704$5,471,165▲ $447,461
Investments in Publicly Traded Securities$1,900,717$3,036,088▲ $1,135,371
Pledges and Grants Receivable$0$2,225,000▲ $2,225,000
Accounts Receivable$104,408$75,132▼ $29,276
Prepaid Expenses and Deferred Charges$44,921$55,088▲ $10,167
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$11,460,048$19,090,406▲ $7,630,358
Other Assets Total$1,116,925$1,116,925→ $0
Liabilities
Deferred Revenue$892,431$1,134,343▲ $241,912
Other Liabilities$367,052$360,822▼ $6,230
Accounts Payable and Accrued Expenses$29,866$21,739▼ $8,127
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$1,289,349$1,516,904▲ $227,555
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,001,098$16,880,711▲ $6,879,613
Net Assets With Donor Restrictions$169,601$692,791▲ $523,190
Total Net Assets Fund Balance$10,170,699$17,573,502▲ $7,402,803
Total Liabilities and Net Assets / Fund Balance$11,460,048$19,090,406▲ $7,630,358

Asset Categories

AssetBook ValueDepreciationBasis
Land$2,806,810-$2,806,810
Buildings$1,020,451$1,595,825$2,616,276
Leasehold Improvements$1,446,456$905,285$2,351,741
Equipment$138,729$672,382$811,111
Other Land Buildings$58,719$230,505$289,224
Other Assets Org$1,116,925--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Devon GreenHead of SchoolFT$205,538$21,204$226,742
Sabrina ClarkAssistant Head of SchoolFT$116,841$14,977$131,818
Juliana ClarkSpeech PathologistFT$110,267$8,157$118,424

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Caroline CecilConsultant18341 LASSEN DRIVE, Santa Ana, CA 92705$166,860
Revenue and Support

Revenue Composition

Contributions and Grants
$7,507,045
Program Service Revenue
$5,144,326
Investment Income
$159,857
Other Revenue
$600
All Other Contributions
$7,222,791
Change in Net Assets
$7,272,172

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table70$19,468Cost
Other Non Cash Contri Table1$4,000Cost
Other Non Cash Contri Table2$2,346Cost
Other Non Cash Contri Table1$1,250Cost
Total Noncash Contributions74$27,064-

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,251,394
Revenue Not Reported on Financial Statements
$560,434
Revenue Not Reported on Form 990
$130,631
Other Revenue Adjustments
$560,434
Total Revenue per Audited Statements
$12,382,025
Total Revenue per Form 990
$12,811,828
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,590,404
Other Expenses$1,388,818
Grants and Similar Amounts Paid$560,434
Total Fundraising Expense$92,747
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,325,065$274,357$67,427$2,666,849
Grants to Domestic Individuals$560,434--$560,434
Other Employee Benefits$266,371$31,432$7,725$305,528
Fees for Services Other$136,407$103,877-$240,284
Current Officers, Directors, Trustees, and Key Employees$204,776$24,164$5,939$234,879
Payroll Taxes$198,771$23,455$5,764$227,990
Office Expenses$179,409$43,311-$222,720
Depreciation Depletion$191,997--$191,997
Pension Plan Contributions$135,273$15,962$3,923$155,158
Occupancy$153,181--$153,181
Fees for Services Accounting$42,751$34,200-$76,951
Fees for Services Legal$39,483$31,587-$71,070
Insurance$37,552$3,863$949$42,364
All Other Expenses$19,854$4,169$1,020$25,043
Advertising$21,334--$21,334
Other Expenses$16,136$9,761-$16,136
Total Functional Expenses$4,846,771$600,138$92,747$5,539,656

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$5,539,656
Expenses per Audited Statements$4,979,222
Total Expenses per Audited Statements$4,979,222
Expenses Not Reported on Financial Statements$560,434
Other Expense Adjustments$560,434
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$176,137
Fundraising Gross Income$176,137
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Gala$329,031$176,137$120,630$55,507
Total Events$329,031$176,137$176,137-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Vacation, Payroll Taxes and Withholding$271,283
Pension Contribution Payable$87,488
Other Liabilities$2,051
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed in detail by the cfo and made available to the entire board before filing.

Form 990, Part VI, Section B, Line 12C

The organization has adopted a conflict of interest policy which is provided annually to all board members and employees. They must all sign that they have read and agree with terms and return to the administration office for retention.

Form 990, Part VI, Section B, Line 15

The board of directors determines the compensation of the head of school using comparability data from salary surveys with various other schools of comparable size and characteristics. The head of school establishes the salaries for other key employees.

Form 990, Part VI, Section C, Line 19

All documents are maintained in the business office and are available for public viewing during school hours.

Filing and Contact Details

Filer

Filer Name
The Prentice School
EIN
33-0120257
In Care Of
% JENNY NGUYEN
Phone
7145384511
Address
18341 Lassen Drive, Santa Ana, CA 92705

Signing Officer

Name
Devon Green
Title
Head of School
Phone
7145384511
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Devon Green
Formed
1986
Legal Domicile
CA
Voting Board Members
11
Independent Board Members
11
Employees
59
Volunteers
16

Preparer

Firm
Withumsmithbrownpc
Address
100 SPECTRUM CENTER DRIVE STE 1000, IRVINE, CA 92618
Preparer
Richard Ruvelson
Phone
9492612808
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The audit committee oversight and selection process did not change.

Financial Statement Notes

PART XI and XII, LINE 4B - OTHER ADJUSTMENTS

Scholarship Expense $560,434

Part X, Line 2

The School is exempt from federal income tax under Section 501(c)(3) of the United States Internal Revenue Code and exempt from state income taxes under state law, and no provision for such income tax has been reflected in the accompanying financial statements. The School has evaluated uncertain tax positions with respect to its operations and concluded there are no such positions at June 30, 2024 and 2023. The School did not recognize any tax-related interest or penalties during the period presented in these financial statements. The School considers the likelihood of changes by taxing authorities in its filed income tax returns and recognizes a liability or discloses potential significant changes that management believes are more likely than not to occur upon examination by taxing authorities, including changes to the School's status as a not-for-profit entity. The School believes there are no material uncertain tax positions that require recognition or disclosure in the accompanying financial statements. Further, there are no income tax related penalties and interest included in these financial statements.

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