Catch Prep Charter High INC FY2022 filing

Tax-deductible

Los Angeles, CA501(c)(3)EducationEIN 72-1527220Revenue $4.6M in FY2022

On file with the IRS4218 11th Ave, 90008-4505 · Los Angeles, CATax-exempt since Mar 2003School — 170(b)(1)(A)(ii)

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The mission of Catch Prep Charter High is to provide service to at-risk senior High school students, grades 9-12.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$156K 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

FY2022 · 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
3 of 5
filings with a surplus
Average surplus $502K a year · 16% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$156K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$73K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.6M
+48% vs prior year
Spent
$2.9M
To programs
100%
Net assets
$3.6M
By yearFY2020–FY2024
Revenue
$4.6M
FY2022▲ +48%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.7M
FY2021$3.1M
FY2022$4.6M
FY2023$2.6M
FY2024$2.5M
Expenses
$2.9M
FY2022▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.2M
FY2021$2.6M
FY2022$2.9M
FY2023$2.7M
FY2024$2.5M
Net assets
$3.6M
FY2022▲ +106%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.7M
FY2022$3.6M
FY2023$3.5M
FY2024$3.5M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 Mar 2003.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.9M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $156K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$156,240Pt VII · Sec A
V.president
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
President/Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Mspatricia Smith’s $156K is at the 67th percentile of top reported officer pay among 3395 $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 · 1 named individual · Part VII

NameFY2024FY2022FY2021FY2020
Mspatricia Smith$156,240$156,240$156,240$156,240

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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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

Helps at-risk high school students succeed academically and prepare for their future.

Questions for Catch Prep Charter High INC

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Provided by the organization

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1 program · $2.9M · in their own filed words · FY2022
01

Catch prep charter high is a charter school that gives service to at-risk senior high school students, grade 9-12. In the year 2008 we served 250 such students and we intend to serve even more students in the coming years.

$2.9Mprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.6M
Ln 12
Gifts and grantsLn 1h$4.6M
Investment incomeLn 3$12K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.9M
Owns and owesPt X
$3.6M
net assets · Ln 32
Cash and savingsLn 1–2$3.1M
Total assetsLn 16$3.6M
LiabilitiesLn 26$73K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.6M
Investment incomeLn 3$12K
Total revenueLn 12$4.6M
Assets in detailPt X, end of year
CashLn 1$3.1M
Cash and savings togetherLn 1–2$3.1M
Land, buildings, equipmentLn 10c$10K
Total assetsLn 16$3.6M
LiabilitiesLn 26$73K
Net assetsLn 32$3.6M
OperationsPt I, VI
EmployeesI 517
VolunteersI 621
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$1.6M$3.1M
Land, buildings, equipmentLn 10c$11K$10K
Total assetsLn 16$1.9M$3.6M
LiabilitiesLn 26$153K$73K
Net assetsLn 32$1.7M$3.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$156K$156K$0$0
Other salaries and wagesLn 7$1.3M$1.3M$0$0
Other employee benefitsLn 9$432K$432K$0$0
Payroll taxesLn 10$45K$45K$0$0
Accounting feesLn 11c$18K$18K$0$0
OccupancyLn 16$225K$225K$0$0
Depreciation, depletion and amortizationLn 22$10K$10K$0$0
Other expenses (24a–d)Ln 24$49K$49K$0$0
All other expensesLn 24e$718K$718K$0$0
Total functional expensesLn 25$2.9M$2.9M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.5M$2.5M−$23K$3.5M 990 PDF
FY2023 $2.6M$2.7M−$52K$3.5M 990 PDF
FY2022 Viewing $4.6M$2.9M$1.7M$3.6M 990 PDF
FY2021 $3.1M$2.6M$476K$1.7M 990 PDF
FY2020 $2.7M$2.2M$427K$1.3M 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 FY2022 990 (6 parts)
Part I · Summary $4,614,752 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,115,859$4,602,686
I-9 Program service revenue$0
I-10 Investment incomePrior year $5,370$12,066
I-11 Other revenue$0
I-12 Total revenuePrior year $3,121,229$4,614,752
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,730,797$1,910,254
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $914,191$1,019,847
I-18 Total expensesPrior year $2,644,988$2,930,101
I-19 Revenue less expensesPrior year $476,241$1,684,651
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,614,752 across 4 lines filed
VIII-1f All other contributions, gifts and grants$4,602,686
VIII-1h Total contributions, gifts and grants$4,602,686
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$12,066
VIII-12 Total revenueRelated to mission $12,066 · Unrelated business $0 · Excluded from tax $0$4,614,752
Part IX · Statement of functional expenses $2,930,101 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $156,240 · Management $0 · Fundraising $0$156,240
IX-7 Other salaries and wagesPrograms $1,276,760 · Management $0 · Fundraising $0$1,276,760
IX-9 Other employee benefitsPrograms $432,133 · Management $0 · Fundraising $0$432,133
IX-10 Payroll taxesPrograms $45,121 · Management $0 · Fundraising $0$45,121
IX-11c Accounting feesPrograms $17,852 · Management $0 · Fundraising $0$17,852
IX-16 OccupancyPrograms $225,090 · Management $0 · Fundraising $0$225,090
IX-22 Depreciation, depletion and amortizationPrograms $9,954 · Management $0 · Fundraising $0$9,954
IX-24 Other expenses (24a–d)Programs $48,760 · Management $0 · Fundraising $0$48,760
IX-24e All other expensesPrograms $718,191 · Management $0 · Fundraising $0$718,191
IX-25 Total functional expensesPrograms $2,930,101 · Management $0 · Fundraising $0$2,930,101
Part X · Balance sheet $3,645,157 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $1,608,000$3,061,709
X-4 Accounts receivableStart of year $265,325$572,977
X-10c Land, buildings and equipment, netStart of year $10,843$10,471
X-16 Total assetsStart of year $1,884,168$3,645,157
X-17 Accounts payable and accrued expensesStart of year $153,189$73,137
X-26 Total liabilitiesStart of year $153,189$73,137
X-32 Total net assets or fund balancesStart of year $1,730,979$3,572,020
X-33 Total liabilities and net assetsStart of year $1,884,168$3,645,157
Part XI · Reconciliation of net assets $3,572,020 net assets at year end
XI-1 Total revenue$4,614,752
XI-2 Total expenses$2,930,101
XI-3 Revenue less expenses$1,684,651
XI-4 Net assets at start of year$1,730,979
XI-8 Prior period adjustments$156,390
XI-10 Net assets at end of year$3,572,020

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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