Strive Preparatory Schools FY2024 filing

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Success for every student through a demanding education of high standards, structure and accountability. Rocky mountain Preparatory Schools prepare students for educational success from elementary through high school.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$2.5M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $2.4M a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.5M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45.6M
122% of total assets
Concern: liabilities are 122% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$92.7M
+59% vs prior year
Spent
$88.9M
To programs
77%
Net assets
−$8.2M
By yearFY2020–FY2025
Revenue
$92.7M
FY2024▲ +59%
Tap a bar for its year
Revenue by fiscal year
FY2020$48.3M
FY2021$54.7M
FY2022$53.2M
FY2023$58.2M
FY2024$92.7M
FY2025$102.6M
Expenses
$88.9M
FY2024▲ +48%
Tap a bar for its year
Expenses by fiscal year
FY2020$47.5M
FY2021$46.0M
FY2022$55.2M
FY2023$60.2M
FY2024$88.9M
FY2025$97.2M
Net assets
−$8.2M
FY2024▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020−$11.6M
FY2021−$1.4M
FY2022$11.8M
FY2023−$7.3M
FY2024−$8.2M
FY2025$7.5M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $68.9M Management & general 23% · $20.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990; $2.5M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$315,514Pt VII · Sec A
President & Chief Academic Officer -Thru 5/2024
$272,976Pt VII · Sec A
VP of Schools - Thru 12/2023
$236,920Pt VII · Sec A
Vice President, Student, Performance & Advocacy - Thru 4/2024
$224,290Pt VII · Sec A
Executive Director of Schools
$213,340Pt VII · Sec A
Executive Director of Schools
$197,012Pt VII · Sec A
Chief Growth Officer
$189,018Pt VII · Sec A
President People and Business
$184,188Pt 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Tricia Noyola$484,902$315,514————
Christy Sadri—$272,976————
Yana Smith$266,928$184,188————
Chris Gibbons———$241,448$189,563$195,036
Rodrigo Wong—$236,920————
Jennifer Reese—$224,290————
Jessica Johnson——$221,658———
Josh Devon—$160,848$219,982$166,103$152,063$160,636

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.

See Strive Preparatory Schools executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

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

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1 program · $68.9M · in their own filed words · FY2023
01

Rocky mountain preparatory schools 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 4,700 students.

$68.9Mprogram expense

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2017 · $876K federal money spent
Charter SchoolsDepartment of Education · ALN 84.282 · Direct$876K

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$92.7M
Ln 12
Fees for servicesLn 2g$72.1M
Gifts and grantsLn 1h$18.9M
Other incomeLn 4–11$914K
Money outPt IX
$88.9M
Ln 25
Programscol B$68.9M
Managementcol C$20.1M
Owns and owesPt X
−$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$27.9M
Total assetsLn 16$37.4M
LiabilitiesLn 26$45.6M
PeoplePt VI, VII
22
listed · VII A
PaidVII A12
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18.9M
Government grantsLn 1e$15.1M
Fees for servicesLn 2g$72.1M
Investment incomeLn 3$749K
Other incomeLn 4–11$914K
Total revenueLn 12$92.7M
Assets in detailPt X, end of year
CashLn 1$19.8M
SavingsLn 2$8.2M
Cash and savings togetherLn 1–2$27.9M
Land, buildings, equipmentLn 10c$5.5M
Other assetsLn 15$1.4M
Total assetsLn 16$37.4M
LiabilitiesLn 26$45.6M
Net assetsLn 32−$8.2M
OperationsPt I, VI
EmployeesI 5902
VolunteersI 65
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$20.8M$27.9M
Land, buildings, equipmentLn 10c$5.6M$5.5M
Total assetsLn 16$31.6M$37.4M
LiabilitiesLn 26$38.9M$45.6M
Net assetsLn 32−$7.3M−$8.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.6M$609K$1.0M
Other salaries and wagesLn 7$44.9M$33.7M$11.2M
Pension plan contributionsLn 8$10.1M$7.6M$2.5M
Other employee benefitsLn 9$5.3M$4.0M$1.3M
Payroll taxesLn 10$897K$673K$224K
Legal feesLn 11b$33K$33K
Accounting feesLn 11c$268K$268K
Other fees for servicesLn 11g$12.2M$10.1M$2.1M$0
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$659K$488K$171K
Information technologyLn 14$1.4M$1.1M$259K
OccupancyLn 16$678K$571K$108K
TravelLn 17$1.2M$1.2M
InterestLn 20$578K$578K
InsuranceLn 23$420K$353K$67K
Other expenses (24a–d)Ln 24$5.8M$5.6M$190K
All other expensesLn 24e$2.9M$2.9M$143$0
Total functional expensesLn 25$88.9M$68.9M$20.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 13, 2026 $102.6M$97.2M$5.4M$7.5M 990 PDF
FY2024 ViewingFiled with the IRS Mar 13, 2025 $92.7M$88.9M$3.7M−$8.2M 990 PDF
FY2023Filed with the IRS May 15, 2024 $58.2M$60.2M−$2.0M−$7.3M 990 PDF
FY2022Filed with the IRS May 10, 2023 $53.2M$55.2M−$2.0M$11.8M 990 PDF
FY2021Filed with the IRS Feb 18, 2022 $54.7M$46.0M$8.8M−$1.4M 990 PDF
FY2020Filed with the IRS Mar 11, 2021 $48.3M$47.5M$759K−$11.6M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $92,663,539 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $15,657,978$18,929,557
I-9 Program service revenuePrior year $41,857,940$72,071,025
I-10 Investment incomePrior year $315,562$749,226
I-11 Other revenuePrior year $373,143$913,731
I-12 Total revenuePrior year $58,204,623$92,663,539
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $47,035,752$62,816,730
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $13,195,736$26,124,896
I-18 Total expensesPrior year $60,231,488$88,941,626
I-19 Revenue less expensesPrior year −$2,026,865$3,721,913
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $92,663,539 across 7 lines filed
VIII-1e Government grants$15,057,366
VIII-1f All other contributions, gifts and grants$3,872,191
VIII-1h Total contributions, gifts and grants$18,929,557
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $72,071,025$72,071,025
VIII-3 Investment incomeExcluded from tax $749,226$749,226
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $913,731$913,731
VIII-12 Total revenueRelated to mission $72,984,756 · Unrelated business $0 · Excluded from tax $749,226$92,663,539
Part IX · Statement of functional expenses $88,941,626 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $608,883 · Management $1,016,538$1,625,421
IX-7 Other salaries and wagesPrograms $33,659,649 · Management $11,219,883$44,879,532
IX-8 Pension plan contributionsPrograms $7,585,189 · Management $2,528,396$10,113,585
IX-9 Other employee benefitsPrograms $3,975,933 · Management $1,325,311$5,301,244
IX-10 Payroll taxesPrograms $672,711 · Management $224,237$896,948
IX-11b Legal feesManagement $32,888$32,888
IX-11c Accounting feesManagement $267,877$267,877
IX-11g Other fees for servicesPrograms $10,103,986 · Management $2,082,076 · Fundraising $0$12,186,062
IX-12 Advertising and promotionManagement $4,243$4,243
IX-13 Office expensesPrograms $487,771 · Management $171,379$659,150
IX-14 Information technologyPrograms $1,104,528 · Management $259,087$1,363,615
IX-16 OccupancyPrograms $570,710 · Management $107,711$678,421
IX-17 TravelPrograms $1,247,712$1,247,712
IX-20 InterestManagement $577,615$577,615
IX-23 InsurancePrograms $353,107 · Management $67,259$420,366
IX-24 Other expenses (24a–d)Programs $5,629,554 · Management $189,612$5,819,166
IX-24e All other expensesPrograms $2,867,638 · Management $143 · Fundraising $0$2,867,781
IX-25 Total functional expensesPrograms $68,867,371 · Management $20,074,255 · Fundraising $0$88,941,626
Part X · Balance sheet $37,371,154 assets, 15 lines filed
Asset lines not itemized here account for $12,025; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $2,768,626$19,750,880
X-2 Savings and temporary cash investmentsStart of year $18,036,872$8,178,579
X-3 Pledges and grants receivableStart of year $3,201,066$1,637,720
X-4 Accounts receivableStart of year $829,583$457,745
X-8 Inventories for sale or useStart of year $0$83,237
X-9 Prepaid expenses and deferred chargesStart of year $130,284$296,817
X-10c Land, buildings and equipment, netStart of year $5,570,432$5,513,196
X-15 Other assetsStart of year $1,024,790$1,440,955
X-16 Total assetsStart of year $31,611,653$37,371,154
X-17 Accounts payable and accrued expensesStart of year $2,193,107$2,651,894
X-19 Deferred revenueStart of year $85,082$173,650
X-25 Other liabilitiesStart of year $36,652,253$42,775,326
X-26 Total liabilitiesStart of year $38,930,442$45,600,870
X-32 Total net assets or fund balancesStart of year −$7,318,789−$8,229,716
X-33 Total liabilities and net assetsStart of year $31,611,653$37,371,154
Part XI · Reconciliation of net assets −$8,229,716 net assets at year end
XI-1 Total revenue$92,663,539
XI-2 Total expenses$88,941,626
XI-3 Revenue less expenses$3,721,913
XI-4 Net assets at start of year−$7,318,789
XI-9 Other changes in net assets−$4,632,840
XI-10 Net assets at end of year−$8,229,716

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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