Perseverance Preparatory INC FY2020 filing

San Jose, CAUnknown exempt organization EIN 81-3977275Revenue $862K in FY2020

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.

74¢ of each $1 spent went to programs.
$50K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · 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
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$50K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$299K
58% of total assets
Fine: liabilities are 58% of assets; 50% to 65%.
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
$862K
Spent
$796K
To programs
74%
Net assets
$212K
By yearFY2020–FY2025
Revenue
$862K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$862K
FY2021$855K
FY2022$1.0M
FY2024$39K
FY2025$42K
Expenses
$796K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$796K
FY2021$867K
FY2022$1.2M
FY2024$759
FY2025$100K
Net assets
$212K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$212K
FY2021$200K
FY2022$64K
FY2024−$277K
FY2025−$336K

From the FY2020 Form 990 (year ending June 2020) · 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $589K Management & general 26% · $207K

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

6 people listed on the 990; $50K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Founder and Executive Dire
$50,026Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 15aYes

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 · $589K · in their own filed words · FY2019
01

California public charter school to relentlessly pursue an excellent education for the students of san jose. We at perseverance prep are steadfast in our commitment to ensuring our students receive an excellent education. We are determined to ensure our students understand the importance of intellectual discipline and servant leadership.

$589Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$862K
Ln 12
Gifts and grantsLn 1h$856K
Other incomeLn 4–11$6K
Money outPt IX
$796K
Ln 25
Programscol B$589K
Managementcol C$207K
Owns and owesPt X
$212K
net assets · Ln 32
Cash and savingsLn 1–2$287K
Total assetsLn 16$511K
LiabilitiesLn 26$299K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$856K
Government grantsLn 1e$497K
Other incomeLn 4–11$6K
Total revenueLn 12$862K
Assets in detailPt X, end of year
CashLn 1$287K
Cash and savings togetherLn 1–2$287K
Total assetsLn 16$511K
LiabilitiesLn 26$299K
Net assetsLn 32$212K
OperationsPt I, VI
EmployeesI 58
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$72K$287K
Total assetsLn 16$172K$511K
LiabilitiesLn 26$25K$299K
Net assetsLn 32$147K$212K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$107K$86K$21K
Other salaries and wagesLn 7$259K$205K$53K
Other employee benefitsLn 9$65K$53K$12K
Payroll taxesLn 10$27K$22K$5K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$64K$64K
Advertising and promotionLn 12$54K$54K
TravelLn 17$331$331
InterestLn 20$81$81
Other expenses (24a–d)Ln 24$178K$130K$47K
All other expensesLn 24e$41K$38K$3K
Total functional expensesLn 25$796K$589K$207K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $862K$796K$66K$212K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $862,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $311,127$856,112
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $297$5,888
I-12 Total revenuePrior year $311,424$862,000
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 $22,546$458,025
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $189,602$338,342
I-18 Total expensesPrior year $212,148$796,367
I-19 Revenue less expensesPrior year $99,276$65,633
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-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $862,000 across 5 lines filed
VIII-1e Government grants$497,026
VIII-1f All other contributions, gifts and grants$359,086
VIII-1h Total contributions, gifts and grants$856,112
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,888$5,888
VIII-12 Total revenueRelated to mission $5,888 · Unrelated business $0 · Excluded from tax $0$862,000
Part IX · Statement of functional expenses $796,367 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $85,848 · Management $21,462$107,310
IX-7 Other salaries and wagesPrograms $205,464 · Management $53,276$258,740
IX-9 Other employee benefitsPrograms $52,990 · Management $11,584$64,574
IX-10 Payroll taxesPrograms $22,432 · Management $4,969$27,401
IX-11b Legal feesManagement $1,778$1,778
IX-11c Accounting feesManagement $63,925$63,925
IX-12 Advertising and promotionPrograms $53,567$53,567
IX-17 TravelPrograms $331$331
IX-20 InterestManagement $81$81
IX-24 Other expenses (24a–d)Programs $130,432 · Management $47,177$177,609
IX-24e All other expensesPrograms $38,390 · Management $2,661$41,051
IX-25 Total functional expensesPrograms $589,454 · Management $206,913 · Fundraising $0$796,367
Part X · Balance sheet $510,810 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $72,376$287,251
X-4 Accounts receivableStart of year $81,301$210,036
X-9 Prepaid expenses and deferred chargesStart of year $18,152$13,523
X-16 Total assetsStart of year $171,829$510,810
X-17 Accounts payable and accrued expensesStart of year $25,197$84,288
X-20 Tax-exempt bond liabilities$16,957
X-24 Unsecured notes and loans payable$197,300
X-26 Total liabilitiesStart of year $25,197$298,545
X-27 Net assets without donor restrictionsStart of year $146,632$212,265
X-32 Total net assets or fund balancesStart of year $146,632$212,265
X-33 Total liabilities and net assetsStart of year $171,829$510,810
Part XI · Reconciliation of net assets $212,265 net assets at year end
XI-1 Total revenue$862,000
XI-2 Total expenses$796,367
XI-3 Revenue less expenses$65,633
XI-4 Net assets at start of year$146,632
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$212,265

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

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