With a focus on academic achievement and leadership development, nevada Preparatory charter school educates every fifth through eighth grade student for success in high school, college and life.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$79K 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

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $764K a year · 26% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$79K
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
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.7M
+35% vs prior year
Spent
$2.3M
To programs
70%
Net assets
$434K
By yearFY2020–FY2024
Revenue
$2.7M
FY2021▲ +35%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.7M
FY2022$2.7M
FY2023$3.3M
FY2024$4.3M
Expenses
$2.3M
FY2021▲ +10%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.3M
FY2022$3.6M
FY2023$5.3M
FY2024$5.4M
Net assets
$434K
FY2021▲ +486%
Tap a bar for its year
Net assets by fiscal year
FY2020$74K
FY2021$434K
FY2022−$498K
FY2023−$2.4M
FY2024−$3.6M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2017.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $1.6M Management & general 30% · $681K

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

9 people listed on the 990; $79K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$79,489Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

John Haynal’s $49K as Executive Director (began July 2023) is at the 7th percentile of top reported officer pay among 3394 $1–10M 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
David Blodgett$45,261$76,935$89,639$79,489$82,214
John Haynal$49,167————

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 Las Vegas Preparatory executive salaries →

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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 fifth through eighth graders for success in high school, college, and life.

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2020
01

Las vegas prep operates a high quality public charter school that served approximately 240 students in grades 4-8 during the 2020-2021 school year.

$1.6Mprogram 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
Opportunity 180FY2024$15K
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.7M
Ln 12
Gifts and grantsLn 1h$2.7M
Other incomeLn 4–11$2K
Money outPt IX
$2.3M
Ln 25
Programscol B$1.6M
Managementcol C$681K
Owns and owesPt X
$434K
net assets · Ln 32
Cash and savingsLn 1–2$274K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Government grantsLn 1e$2.6M
Other incomeLn 4–11$2K
Total revenueLn 12$2.7M
Assets in detailPt X, end of year
CashLn 1$274K
Cash and savings togetherLn 1–2$274K
Land, buildings, equipmentLn 10c$66K
Total assetsLn 16$1.7M
LiabilitiesLn 26$1.3M
Net assetsLn 32$434K
OperationsPt I, VI
EmployeesI 519
VolunteersI 6100
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$167K$274K
Land, buildings, equipmentLn 10c$64K$66K
Total assetsLn 16$1.4M$1.7M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$74K$434K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$110K$103K$7K
Other salaries and wagesLn 7$875K$547K$328K
Pension plan contributionsLn 8$304K$195K$109K
Other employee benefitsLn 9$129K$81K$48K
Payroll taxesLn 10$18K$12K$6K
Management feesLn 11a$24K$24K
Other fees for servicesLn 11g$177K$106K$70K
Office expensesLn 13$46K$46K
Information technologyLn 14$6K$6K
OccupancyLn 16$252K$252K
TravelLn 17$457$457
InterestLn 20$919$919
Depreciation, depletion and amortizationLn 22$19K$19K
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$323K$296K$26K
Total functional expensesLn 25$2.3M$1.6M$681K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.3M$5.4M−$1.2M−$3.6M 990 PDF
FY2023 $3.3M$5.3M−$1.9M−$2.4M 990 PDF
FY2022 $2.7M$3.6M−$932K−$498K 990 PDF
FY2021 Viewing $2.7M$2.3M$360K$434K 990 PDF
FY2020 $2.0M$2.1M−$124K$74K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $2,658,887 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,960,744$2,657,105
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $3,458$1,782
I-12 Total revenuePrior year $1,964,202$2,658,887
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 $1,229,043$1,435,897
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $859,073$862,726
I-18 Total expensesPrior year $2,088,116$2,298,623
I-19 Revenue less expensesPrior year −$123,914$360,264
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,658,887 across 5 lines filed
VIII-1e Government grants$2,630,889
VIII-1f All other contributions, gifts and grants$26,216
VIII-1h Total contributions, gifts and grants$2,657,105
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,782$1,782
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,782$2,658,887
Part IX · Statement of functional expenses $2,298,623 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $103,165 · Management $6,585$109,750
IX-7 Other salaries and wagesPrograms $546,988 · Management $328,055$875,043
IX-8 Pension plan contributionsPrograms $194,762 · Management $109,152$303,914
IX-9 Other employee benefitsPrograms $80,983 · Management $47,848$128,831
IX-10 Payroll taxesPrograms $11,992 · Management $6,367$18,359
IX-11a Management feesManagement $24,228$24,228
IX-11g Other fees for servicesPrograms $106,298 · Management $70,387$176,685
IX-13 Office expensesManagement $45,934$45,934
IX-14 Information technologyPrograms $5,523$5,523
IX-16 OccupancyPrograms $252,338$252,338
IX-17 TravelPrograms $457$457
IX-20 InterestManagement $919$919
IX-22 Depreciation, depletion and amortizationPrograms $18,614$18,614
IX-23 InsuranceManagement $15,319$15,319
IX-24 Other expenses (24a–d)Programs $296,406 · Management $26,303$322,709
IX-25 Total functional expensesPrograms $1,617,526 · Management $681,097 · Fundraising $0$2,298,623
Part X · Balance sheet $1,723,876 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $166,686$274,153
X-4 Accounts receivableStart of year $202,002$358,194
X-9 Prepaid expenses and deferred chargesStart of year $943,294$1,025,874
X-10c Land, buildings and equipment, netStart of year $63,843$65,655
X-16 Total assetsStart of year $1,375,825$1,723,876
X-17 Accounts payable and accrued expensesStart of year $117,995$105,109
X-18 Grants payableStart of year $0$558
X-24 Unsecured notes and loans payableStart of year $229,277$28,761
X-25 Other liabilitiesStart of year $954,403$1,155,034
X-26 Total liabilitiesStart of year $1,301,675$1,289,462
X-27 Net assets without donor restrictionsStart of year $74,150$434,414
X-32 Total net assets or fund balancesStart of year $74,150$434,414
X-33 Total liabilities and net assetsStart of year $1,375,825$1,723,876
Part XI · Reconciliation of net assets $434,414 net assets at year end
XI-1 Total revenue$2,658,887
XI-2 Total expenses$2,298,623
XI-3 Revenue less expenses$360,264
XI-4 Net assets at start of year$74,150
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$434,414

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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