Cambridge Prep Academy Incorporated: FY2021 Nonprofit Profile & Form 990 (EIN 45-4360430)

Revenue by fiscal year
FY2021	$976K
FY2022	$1.1M
FY2023	$1.4M
FY2024	$1.1M
FY2024	$1.2M

Expenses by fiscal year
FY2021	$853K
FY2022	$1.1M
FY2023	$1.5M
FY2024	$1.2M
FY2024	$1.4M

Net assets by fiscal year
FY2021	$44K
FY2022	$64K
FY2023	−$91K
FY2024	−$124K
FY2024	−$364K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2013.

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

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $760K Management & general 11% · $92K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Linda Vandervoren

Director

$0Pt VII · Sec A

Courtney Johns

Director

$0Pt VII · Sec A

Jackie Britt

President

$0Pt VII · Sec A

See Cambridge Prep Academy Incorporated 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 15aNo

Programs and updates

Provides tailored learning programs combining award-winning curriculum and exceptional teachers for student success.

Provided by the organization

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1 program · $760K · in their own filed words · FY2020

01

We provided academic programs for higher learning, after school tutoring, and activities for student government

$760Kprogram 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 · FY2023

Amazonsmile FoundationFY2023$103

Total grants receivedfrom 1 funder$103

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$976K

Ln 12

Fees for servicesLn 2g$973K

Other incomeLn 4–11$3K

Money outPt IX

$853K

Ln 25

Programscol B$760K

Managementcol C$92K

Owns and owesPt X

$44K

net assets · Ln 32

Cash and savingsLn 1–2$7K

Total assetsLn 16$306K

LiabilitiesLn 26$262K

PeoplePt VI, VII

3

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$973K

Other incomeLn 4–11$3K

Total revenueLn 12$976K

Assets in detailPt X, end of year

CashLn 1$7K

Cash and savings togetherLn 1–2$7K

Land, buildings, equipmentLn 10c$289K

Total assetsLn 16$306K

LiabilitiesLn 26$262K

Net assetsLn 32$44K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$43K	$7K
Land, buildings, equipmentLn 10c	$230K	$289K
Total assetsLn 16	$272K	$306K
LiabilitiesLn 26	$352K	$262K
Net assetsLn 32	−$79K	$44K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$444K	$409K	$36K
Pension plan contributionsLn 8	$42K	$39K	$3K
Other employee benefitsLn 9	$19K	$18K	$2K
Accounting feesLn 11c	$4K		$4K
Advertising and promotionLn 12	$5K		$5K
Office expensesLn 13	$5K		$5K
OccupancyLn 16	$28K	$26K	$2K
InterestLn 20	$23K	$21K	$2K
Depreciation, depletion and amortizationLn 22	$17K	$17K
InsuranceLn 23	$18K	$14K	$3K
Other expenses (24a–d)Ln 24	$206K	$180K	$26K
All other expensesLn 24e	$41K	$37K	$4K
Total functional expensesLn 25	$853K	$760K	$92K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024	$1.1M	$1.2M	−$33K	−$124K	990 PDF
FY2023	$1.4M	$1.5M	−$155K	−$91K	990 PDF
FY2022	$1.1M	$1.1M	$20K	$64K	990 PDF
FY2021 Viewing	$976K	$853K	$123K	$44K	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

See the full FY2021 990 (6 parts)

Part I · Summary $975,895 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $827,647$973,219

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$2,676

I-12 Total revenuePrior year $827,647$975,895

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 $467,455$505,929

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $414,062$346,634

I-18 Total expensesPrior year $881,517$852,563

I-19 Revenue less expensesPrior year −$53,870$123,332

Part VI · Governance 3 of 3 board members independent, 3 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction 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

Part VIII · Statement of revenue $975,895 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $973,219$973,219

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,676$2,676

VIII-12 Total revenueRelated to mission $975,895 · Unrelated business $0 · Excluded from tax $0$975,895

Part IX · Statement of functional expenses $852,563 across 12 lines filed

IX-7 Other salaries and wagesPrograms $408,856 · Management $35,552$444,408

IX-8 Pension plan contributionsPrograms $38,942 · Management $3,386$42,328

IX-9 Other employee benefitsPrograms $17,657 · Management $1,536$19,193

IX-11c Accounting feesManagement $4,390$4,390

IX-12 Advertising and promotionManagement $4,972$4,972

IX-13 Office expensesManagement $4,673$4,673

IX-16 OccupancyPrograms $25,760 · Management $2,240$28,000

IX-20 InterestPrograms $21,295 · Management $1,852$23,147

IX-22 Depreciation, depletion and amortizationPrograms $16,820$16,820

IX-23 InsurancePrograms $14,439 · Management $3,440$17,879

IX-24 Other expenses (24a–d)Programs $179,933 · Management $25,965$205,898

IX-24e All other expensesPrograms $36,770 · Management $4,085$40,855

IX-25 Total functional expensesPrograms $760,472 · Management $92,091 · Fundraising $0$852,563

Part X · Balance sheet $305,804 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $42,855$7,113

X-4 Accounts receivable$9,263

X-10c Land, buildings and equipment, netStart of year $229,537$289,428

X-16 Total assetsStart of year $272,392$305,804

X-25 Other liabilitiesStart of year $21,891$155,362

X-26 Total liabilitiesStart of year $351,522$261,602

X-27 Net assets without donor restrictionsStart of year −$79,130$44,202

X-32 Total net assets or fund balancesStart of year −$79,130$44,202

X-33 Total liabilities and net assetsStart of year $272,392$305,804

Part XI · Reconciliation of net assets $44,202 net assets at year end

XI-1 Total revenue$975,895

XI-2 Total expenses$852,563

XI-3 Revenue less expenses$123,332

XI-4 Net assets at start of year−$79,130

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$44,202

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

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Cambridge Prep Academy Incorporated FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV