Perseverance Preparatory INC

San Jose, CAUnknown exempt organizationEIN 81-3977275Revenue $42K in FY2025

On file with the IRSperseveranceprep.org1346 the Alameda Suite 7-340 · San Jose, CA

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Perseverance Preparatory school prepares scholars in grades 5-8 through rigorous academics, targeted instruction, and service learning for a life of ethical leadership and scholarly success.

Run by 6 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 5
filings with a surplus
Average deficit $21K a year · 4% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$336K
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$42K
+7% vs prior year
Spent
$100K
To programs
0%
Net assets
−$336K
By yearFY2020–FY2025
Revenue
$42K
FY2025▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$862K
FY2021$855K
FY2022$1.0M
FY2024$39K
FY2025$42K
Expenses
$100K
FY2025▲ ×132
Tap a bar for its year
Expenses by fiscal year
FY2020$796K
FY2021$867K
FY2022$1.2M
FY2024$759
FY2025$100K
Net assets
−$336K
FY2025▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$212K
FY2021$200K
FY2022$64K
FY2024−$277K
FY2025−$336K

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $100K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Ch 7 Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Alexandria Leenatali$107,625$102,292$50,026

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 15aNo

Programs and updates

Prepares middle schoolers for success through academics, instruction, and service learning.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Note that the organization is inactive. The trustee is appointed by the bankruptcy court to administer the estate. This tax return has been prepared based upon an analysis of all available information including the oranization's accounting records, and trustee transactions during the administration of the CASE.DUE to limited resources…

Pt IX · col B

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 · FY2022
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$42K
Ln 12
Investment incomeLn 3$40K
Other incomeLn 4–11$2K
Money outPt IX
$100K
Ln 25
Managementcol C$100K
Owns and owesPt X
−$336K
net assets · Ln 32
Total assetsLn 16$0
LiabilitiesLn 26$336K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$40K
Other incomeLn 4–11$2K
Total revenueLn 12$42K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$0
LiabilitiesLn 26$336K
Net assetsLn 32−$336K
OperationsPt I, VI
EmployeesI 58
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$67K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$264K$0
LiabilitiesLn 26$541K$336K
Net assetsLn 32−$277K−$336K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$10K$10K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$13K$13K
Other expenses (24a–d)Ln 24$56K$56K
Total functional expensesLn 25$100K$0$100K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $42K$100K−$59K−$336K 990 PDF
FY2024 $39K$759$38K−$277K 990 PDF
FY2023 Not on file
FY2022 $1.0M$1.2M−$136K$64K 990 PDF
FY2021 $855K$867K−$12K$200K 990 PDF
FY2020 $862K$796K$66K$212K 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 FY2025 990 (6 parts)
Part I · Summary $41,631 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $39,045$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$39,515
I-11 Other revenuePrior year $0$2,116
I-12 Total revenuePrior year $39,045$41,631
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $759$100,396
I-18 Total expensesPrior year $759$100,396
I-19 Revenue less expensesPrior year $38,286−$58,765
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $41,631 across 3 lines filed
VIII-3 Investment incomeRelated to mission $39,515$39,515
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,116$2,116
VIII-12 Total revenueRelated to mission $41,631 · Unrelated business $0 · Excluded from tax $0$41,631
Part IX · Statement of functional expenses $100,396 across 4 lines filed
IX-11b Legal feesManagement $10,051$10,051
IX-11c Accounting feesManagement $21,709$21,709
IX-11g Other fees for servicesManagement $12,785$12,785
IX-24 Other expenses (24a–d)Management $55,851$55,851
IX-25 Total functional expensesPrograms $0 · Management $100,396 · Fundraising $0$100,396
Part X · Balance sheet $0 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $67,010$0
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $196,864$0
X-16 Total assetsStart of year $263,874$0
X-17 Accounts payable and accrued expensesStart of year $384,422$179,314
X-24 Unsecured notes and loans payableStart of year $156,770$156,770
X-26 Total liabilitiesStart of year $541,192$336,084
X-27 Net assets without donor restrictionsStart of year −$277,318−$336,084
X-32 Total net assets or fund balancesStart of year −$277,318−$336,084
X-33 Total liabilities and net assetsStart of year $263,874$0
Part XI · Reconciliation of net assets −$336,084 net assets at year end
XI-1 Total revenue$41,631
XI-2 Total expenses$100,396
XI-3 Revenue less expenses−$58,765
XI-4 Net assets at start of year−$277,318
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$336,084

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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