Perseverance Preparatory INC FY2021 filing

San Jose, CAUnknown exempt organization EIN 81-3977275Revenue $855K in FY2021

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.

79¢ of each $1 spent went to programs.
$102K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · 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
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$102K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Looks good: 5.4 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
$397K
66% of total assets
Worth a look: liabilities are 66% of assets; over 65%.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$855K
-0.8% vs prior year
Spent
$867K
To programs
79%
Net assets
$200K
By yearFY2020–FY2025
Revenue
$855K
FY2021▼ -0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$862K
FY2021$855K
FY2022$1.0M
FY2024$39K
FY2025$42K
Expenses
$867K
FY2021▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$796K
FY2021$867K
FY2022$1.2M
FY2024$759
FY2025$100K
Net assets
$200K
FY2021▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$212K
FY2021$200K
FY2022$64K
FY2024−$277K
FY2025−$336K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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

79 cents of each dollar spent went to programs.

Program services 79% · $684K Management & general 21% · $183K

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

7 people listed on the 990; $102K 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
Founder/Executive Director
$102,292Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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 · $684K · in their own filed words · FY2020
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.

$684Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$855K
Ln 12
Gifts and grantsLn 1h$852K
Other incomeLn 4–11$3K
Money outPt IX
$867K
Ln 25
Programscol B$684K
Managementcol C$183K
Owns and owesPt X
$200K
net assets · Ln 32
Cash and savingsLn 1–2$391K
Total assetsLn 16$597K
LiabilitiesLn 26$397K
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$852K
Government grantsLn 1e$697K
Other incomeLn 4–11$3K
Total revenueLn 12$855K
Assets in detailPt X, end of year
CashLn 1$391K
Cash and savings togetherLn 1–2$391K
Other assetsLn 15$8K
Total assetsLn 16$597K
LiabilitiesLn 26$397K
Net assetsLn 32$200K
OperationsPt I, VI
EmployeesI 58
VolunteersI 66
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$287K$391K
Total assetsLn 16$511K$597K
LiabilitiesLn 26$299K$397K
Net assetsLn 32$212K$200K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$105K$84K$21K
Other salaries and wagesLn 7$332K$320K$12K
Other employee benefitsLn 9$72K$67K$5K
Payroll taxesLn 10$33K$30K$2K
Legal feesLn 11b$856$856
Accounting feesLn 11c$70K$18K$52K
Office expensesLn 13$35K$35K
OccupancyLn 16$68K$58K$10K
InterestLn 20$3K$3K
Other expenses (24a–d)Ln 24$75K$48K$27K
All other expensesLn 24e$73K$24K$49K
Total functional expensesLn 25$867K$684K$183K$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 Viewing $855K$867K−$12K$200K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $854,867 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $856,112$851,835
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $5,888$3,032
I-12 Total revenuePrior year $862,000$854,867
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 $458,025$541,368
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $338,342$325,854
I-18 Total expensesPrior year $796,367$867,222
I-19 Revenue less expensesPrior year $65,633−$12,355
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $854,867 across 5 lines filed
VIII-1e Government grants$696,838
VIII-1f All other contributions, gifts and grants$154,997
VIII-1h Total contributions, gifts and grants$851,835
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,132 · Excluded from tax $1,900$3,032
VIII-12 Total revenueRelated to mission $1,132 · Unrelated business $0 · Excluded from tax $1,900$854,867
Part IX · Statement of functional expenses $867,222 across 11 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,834 · Management $20,958$104,792
IX-7 Other salaries and wagesPrograms $320,379 · Management $11,848$332,227
IX-9 Other employee benefitsPrograms $66,633 · Management $5,204$71,837
IX-10 Payroll taxesPrograms $30,071 · Management $2,441$32,512
IX-11b Legal feesManagement $856$856
IX-11c Accounting feesPrograms $18,075 · Management $52,150$70,225
IX-13 Office expensesPrograms $35,412$35,412
IX-16 OccupancyPrograms $57,789 · Management $10,356$68,145
IX-20 InterestManagement $3,390$3,390
IX-24 Other expenses (24a–d)Programs $47,964 · Management $26,712$74,676
IX-24e All other expensesPrograms $23,651 · Management $49,499$73,150
IX-25 Total functional expensesPrograms $683,808 · Management $183,414 · Fundraising $0$867,222
Part X · Balance sheet $596,615 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $287,251$391,391
X-4 Accounts receivableStart of year $210,036$177,768
X-9 Prepaid expenses and deferred chargesStart of year $5,523$19,456
X-15 Other assetsStart of year $8,000$8,000
X-16 Total assetsStart of year $510,810$596,615
X-17 Accounts payable and accrued expensesStart of year $84,288$69,076
X-20 Tax-exempt bond liabilitiesStart of year $16,957$14,115
X-24 Unsecured notes and loans payableStart of year $197,300$313,514
X-26 Total liabilitiesStart of year $298,545$396,705
X-27 Net assets without donor restrictionsStart of year $212,265$199,910
X-32 Total net assets or fund balancesStart of year $212,265$199,910
X-33 Total liabilities and net assetsStart of year $510,810$596,615
Part XI · Reconciliation of net assets $199,910 net assets at year end
XI-1 Total revenue$854,867
XI-2 Total expenses$867,222
XI-3 Revenue less expenses−$12,355
XI-4 Net assets at start of year$212,265
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$199,910

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

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