Prospect Ridge Academy FY2020 filing

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Providing a rigorous, quality k-12 education with an intensified math and science focus using core knowledge sequence and research-based college preparatory programming to provide a comprehensive foundation for life-long learning and providing social and physical development through athletics.

501(c)(3) charity; gifts are tax-deductible.
50¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 $2.3M a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
50%
of spending
Concern: 50% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 5.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $37K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$24.8M
255% of total assets
Concern: liabilities are 255% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$15.9M
Spent
$11.7M
To programs
50%
Net assets
−$15.1M
By yearFY2020–FY2025
Revenue
$15.9M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$15.9M
FY2021$16.1M
FY2022$18.0M
FY2023$19.5M
FY2024$20.7M
FY2025$26.6M
Expenses
$11.7M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$11.7M
FY2021$13.7M
FY2022$12.7M
FY2023$20.9M
FY2024$22.1M
FY2025$21.6M
Net assets
−$15.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020−$15.1M
FY2021−$14.6M
FY2022−$9.3M
FY2023−$10.7M
FY2024−$12.2M
FY2025−$7.1M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Aug 2011.

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

Where the money goes

50 cents of each dollar spent went to programs.

Program services 50% · $5.8M Management & general 50% · $5.9M

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

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

April Wilkin’s $176K as Executive Di is at the 27th percentile of top reported officer pay among 3683 $10–100M 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 · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
April Wilkin$175,898$157,368$163,800$156,000$132,080
Adam Digiacomo$153,948$151,012$147,109$141,451$132,080
Steve Thygsen—$122,895$125,865$119,871$110,760
David Mallett$107,463$117,879$125,725$117,500$100,170
Kera Pratt—$124,164$115,169$108,650—
Ellie Kempfe$119,039————
Patricia Kelly$117,349————

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 Prospect Ridge Academy 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 15aYes

Programs and updates

Educates K-12 students with strong math/science, college prep, and athletics for lifelong learning.

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1 program · $5.8M · in their own filed words · FY2019
01

Prospect ridge academy (pra) uses core knowledge, providing a solid, shared, specific, and sequenced set of skills and content in the classroom. This allows pra to place an emphasis on the knowledge that is most useful and productive for children living in the american society today.

$5.8Mprogram 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 · FY2024
Total grants receivedfrom 5 funders$37K
See all 5 funders →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$15.9M
Ln 12
Fees for servicesLn 2g$12.0M
Gifts and grantsLn 1h$2.6M
Other incomeLn 4–11$1.3M
Money outPt IX
$11.7M
Ln 25
Programscol B$5.8M
Managementcol C$5.9M
Owns and owesPt X
−$15.1M
net assets · Ln 32
Cash and savingsLn 1–2$5.6M
Total assetsLn 16$9.7M
LiabilitiesLn 26$24.8M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Government grantsLn 1e$2.2M
Fees for servicesLn 2g$12.0M
Investment incomeLn 3$1K
Other incomeLn 4–11$1.3M
Total revenueLn 12$15.9M
Assets in detailPt X, end of year
CashLn 1$5.6M
Cash and savings togetherLn 1–2$5.6M
Accounts receivableLn 4$103K
Prepaid expenses and deferred chargesLn 9$114K
Land, buildings, equipmentLn 10c$122K
Other assetsLn 15$3.8M
Total assetsLn 16$9.7M
LiabilitiesLn 26$24.8M
Net assetsLn 32−$15.1M
OperationsPt I, VI
EmployeesI 5227
VolunteersI 6150
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$2.9M$5.6M
Land, buildings, equipmentLn 10c$137K$122K
Total assetsLn 16$12.2M$9.7M
LiabilitiesLn 26$31.4M$24.8M
Net assetsLn 32−$19.2M−$15.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$7.2M$5.2M$2.0M
Pension plan contributionsLn 8−$889K−$429K−$460K
Other employee benefitsLn 9$852K$573K$279K
Management feesLn 11a$405K$405K
Legal feesLn 11b$679$679
Accounting feesLn 11c$38K$38K
OccupancyLn 16$577K$577K
Depreciation, depletion and amortizationLn 22$15K$15K
InsuranceLn 23$149K$149K
Other expenses (24a–d)Ln 24$3.4M$521K$2.9M
Total functional expensesLn 25$11.7M$5.8M$5.9M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Dec 4, 2025 $26.6M$21.6M$5.1M−$7.1M 990 PDF
FY2024Filed with the IRS Dec 11, 2024 $20.7M$22.1M−$1.5M−$12.2M 990 PDF
FY2023Filed with the IRS Jan 24, 2024 $19.5M$20.9M−$1.4M−$10.7M 990 PDF
FY2022Filed with the IRS Feb 6, 2023 $18.0M$12.7M$5.3M−$9.3M 990 PDF
FY2021Filed with the IRS Nov 22, 2021 $16.1M$13.7M$2.4M−$14.6M 990 PDF
FY2020 ViewingFiled with the IRS Jan 26, 2021 $15.9M$11.7M$4.2M−$15.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $15,897,621 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,648,949$2,551,092
I-9 Program service revenuePrior year $11,505,957$11,996,688
I-10 Investment incomePrior year $1,609$1,055
I-11 Other revenuePrior year $6,444,968$1,348,786
I-12 Total revenuePrior year $19,601,483$15,897,621
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 $8,177,135$7,118,937
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $7,423,790$4,609,394
I-18 Total expensesPrior year $15,600,925$11,728,331
I-19 Revenue less expensesPrior year $4,000,558$4,169,290
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $15,897,621 across 8 lines filed
VIII-1e Government grants$2,227,926
VIII-1f All other contributions, gifts and grants$323,166
VIII-1h Total contributions, gifts and grants$2,551,092
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $11,996,688$11,996,688
VIII-3 Investment incomeRelated to mission $1,055$1,055
VIII-8 Net income from fundraising eventsExcluded from tax $193,202$193,202
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,155,584$1,155,584
VIII-12 Total revenueRelated to mission $13,153,327 · Unrelated business $0 · Excluded from tax $193,202$15,897,621
Part IX · Statement of functional expenses $11,728,331 across 10 lines filed
IX-7 Other salaries and wagesPrograms $5,151,732 · Management $2,004,943$7,156,675
IX-8 Pension plan contributionsPrograms −$429,453 · Management −$460,038−$889,491
IX-9 Other employee benefitsPrograms $573,089 · Management $278,664$851,753
IX-11a Management feesManagement $404,892$404,892
IX-11b Legal feesManagement $679$679
IX-11c Accounting feesManagement $38,250$38,250
IX-16 OccupancyManagement $577,259$577,259
IX-22 Depreciation, depletion and amortizationManagement $14,702$14,702
IX-23 InsuranceManagement $148,612$148,612
IX-24 Other expenses (24a–d)Programs $520,903 · Management $2,904,097$3,425,000
IX-25 Total functional expensesPrograms $5,816,271 · Management $5,912,060 · Fundraising $0$11,728,331
Part X · Balance sheet $9,695,536 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $2,851,031$5,588,359
X-4 Accounts receivableStart of year $20,687$102,963
X-9 Prepaid expenses and deferred chargesStart of year $78,061$114,359
X-10c Land, buildings and equipment, netStart of year $137,154$122,452
X-15 Other assetsStart of year $8,544,008$3,767,403
X-16 Total assetsStart of year $12,152,312$9,695,536
X-17 Accounts payable and accrued expensesStart of year $116,035$63,926
X-19 Deferred revenueStart of year $127,475$52,234
X-25 Other liabilitiesStart of year $31,137,313$24,638,597
X-26 Total liabilitiesStart of year $31,380,823$24,754,757
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year −$19,228,511−$15,059,221
X-32 Total net assets or fund balancesStart of year −$19,228,511−$15,059,221
X-33 Total liabilities and net assetsStart of year $12,152,312$9,695,536
Part XI · Reconciliation of net assets −$15,059,221 net assets at year end
XI-1 Total revenue$15,897,621
XI-2 Total expenses$11,728,331
XI-3 Revenue less expenses$4,169,290
XI-4 Net assets at start of year−$19,228,511
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$15,059,221

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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