Strive Preparatory Schools FY2022 filing

Denver, CO · Public charity (501(c)(3)) · Since 2005 · Education

✓ Tax-deductible
Revenue
$53.2M
-3% vs prior year
Spent
$55.2M
To programs
76%
Net assets
$11.8M
By yearFY2020–FY2024
Revenue
$53.2M
FY2022▼ -3%
Revenue by fiscal year
FY2020$48.3M
FY2021$54.7M
FY2022$53.2M
FY2023$58.2M
FY2024$92.7M
FY2024$102.6M
Expenses
$55.2M
FY2022▲ +20%
Expenses by fiscal year
FY2020$47.5M
FY2021$46.0M
FY2022$55.2M
FY2023$60.2M
FY2024$88.9M
FY2024$97.2M
Net assets
$11.8M
FY2022▲ ×11
Net assets by fiscal year
FY2020−$11.6M
FY2021−$1.4M
FY2022$11.8M
FY2023−$7.3M
FY2024−$8.2M
FY2024$7.5M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CStrive Preparatory Schools
EINHdr · item D20-2562193
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMar 2006
Year of formationHdr · item L2005
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CDenver, CO
NTEE classificationIRS BMFEducation (B29)
WebsiteHdr · item Jwww.rockymountainprep.org

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$42.1M
Management & general24%$13.0M
Total functional expensesLn 25$55.2M

Financial health

Is it on solid ground?

Program efficiency
76%
of spending reaches programs
Operating runway
2.7mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Total assets
$15.4M
FY2022▼ -6%
Total assets by fiscal year
FY2020$13.1M
FY2021$16.4M
FY2022$15.4M
FY2023$31.6M
FY2024$37.4M
FY2024$44.6M
Total liabilities
$3.6M
FY2022▼ -80%
Total liabilities by fiscal year
FY2020$24.7M
FY2021$17.7M
FY2022$3.6M
FY2023$38.9M
FY2024$45.6M
FY2024$37.1M
Revenue less expensesPt I · Ln 19−$2.0M
Total assetsPt X · Ln 16$15.4M
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$12.4M
Total assetsLn 16$15.4M
Total liabilitiesLn 26$3.6M
Total net assetsLn 32$11.8M
Months of cash on handcomputed2.7

Statement of Revenue

Part VIII
Program service revenue$40.1M · 75%
Contributions & grants$12.7M · 24%
Other revenue$390K · 1%
Program service revenue75%$40.1M
Contributions & grants24%$12.7M
Other revenue1%$390K
Investment income$17K
— government grantsLn 1e$10.0M
Total revenueLn 12$53.2M

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $12.4M · Operating expenses (Pt IX) $55.2M · Less non-cash grants $8K · Cash operating expenses/yr $55.2M
2.7 months
Where the money goes
Program services
Program services $42.1M · Total expenses $55.2M
76%
Management & General
Management & general $13.0M · Total expenses $55.2M
24%
Fundraising
Fundraising $0 · Total expenses $55.2M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $17K · Solicited contributions (3-yr avg) $4.0M
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $12.7M · Total revenue $53.2M
24%
Government reliance
Government grants $10.0M · Total revenue $53.2M
19%
Earned-income share
Program service revenue $40.1M · Total revenue $53.2M
75%
Investment reliance
Investment income $17K · Total revenue $53.2M
+0.03%
Program self-sufficiency
Program service revenue $40.1M · Total expenses $55.2M
73%
Growth & trend
Revenue growth (YoY)
This year $53.2M · Prior year $54.7M
-3%
Net-asset trend (YoY)
End of year $11.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $53.2M · Expenses $55.2M
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $15.4M
—
Net-asset ratio
Net assets $11.8M · Total assets $15.4M
77%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $15.4M
0%
People & payroll
Highest Reported Total Compensation
Individual Chris Gibbons · Reported title Chief Executive Officer · Highest reported compensation $241K · Total expenses $55.2M
0.4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $41.7M · Total expenses $55.2M
76%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%——
Overhead ratio 24%——
Fundraising cost ratio 0%——
Revenue growth -3%——
Investment management fee ratio 0%——
Legal fee ratio 0.10%——
Accounting fee ratio 0.1%——
Fundraising fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chief Executive Officer
$241,448Pt VII · Sec A
Chief Financial Officer
$166,103Pt VII · Sec A
Chief Academic Officer
$157,943Pt VII · Sec A
Managing Director
$148,430Pt VII · Sec A
Managing Director
$131,505Pt VII · Sec A
$129,712Pt VII · Sec A
Chief External Affairs Officer
$123,120Pt VII · Sec A
$116,340Pt VII · Sec A

Tricia Noyola’s $485K as Chief Executive Officer is at the 36th percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Tricia Noyola$484,902—————
Tricia Noyola—$315,514————
Christy Sadri—$272,976————
Yana Smith$266,928—————
Chris Gibbons———$241,448$189,563$195,036
Rodrigo Wong—$236,920————
Jennifer Reese—$224,290————
Jessica Johnson——$221,658———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Governance & Policies

Part VI
  • 12Voting board membersPt VI · Ln 1a
  • 12Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13No
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aNo
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Provides intensive K-12 education with strong skill development, preparing students for success from elementary school through high school.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $42.1M of program spending, described in the organization's own filed words · FY2021.
01

Strive provides an intensive curriculum with a strong focus on skill development to students in grades k-12 for educational success from elementary school through high school, benefiting over 3,300 students.

$42.1Mprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$25K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 $92.7M$88.9M+59% 990 PDF
FY2023 $58.2M$60.2M+9% 990 PDF
FY2022 Viewing $53.2M$55.2M-3% 990 PDF
FY2021 $54.7M$46.0M+13% 990 PDF
FY2020 $48.3M$47.5M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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