Discovery Preparatory School INC

Tax-deductible

Dana Point, CA501(c)(3)Since 2020EducationEIN 86-3491887

Charitable and Education Activities

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Run by 5 volunteers and 8 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
0 of 2
filings with a surplus
Average deficit $91K a year · 8% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.6 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $28K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$335K
127% of total assets
Concern: liabilities are 127% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$793K
-26% vs prior year
Spent
$805K
To programs
70%
Net assets
−$71K
By yearFY2021–FY2024
Revenue
$793K
FY2024▼ -26%
Revenue by fiscal year
FY2021Not on file
FY2022$123K
FY2023$1.1M
FY2024$1.1M
FY2024$793K
Expenses
$805K
FY2024▼ -26%
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$1.3M
FY2024$1.1M
FY2024$805K
Net assets
−$71K
FY2024▼ -22%
Net assets by fiscal year
FY2021Not on file
FY2022$123K
FY2023−$34K
FY2024−$58K
FY2024−$71K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2022.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $564K Management & general 30% · $241K Fundraising 0% · $69

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
See Discovery Preparatory School INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Provides charitable aid and educational programs to those in need.

Provided by the organization

This section is blank until Discovery Preparatory School INC claims this page.

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1 program service account for $564K of program spending, described in the organization's own filed words · FY2024.
01

Discovery Prep is an expeditionary middle and high school serving as an alternative to more traditional private school options.

$564Kprogram expense

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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 · FY2024
Total grants receivedfrom 2 funders$28K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$793K
Ln 12
Fees for servicesLn 2g$622K
Gifts and grantsLn 1h$114K
Other incomeLn 4–11$57K
Money outPt IX
$805K
Ln 25
Programscol B$564K
Managementcol C$241K
Fundraisingcol D$69
Owns and owesPt X
−$71K
net assets · Ln 32
Cash and savingsLn 1–2$37K
Total assetsLn 16$264K
LiabilitiesLn 26$335K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$114K
Fundraising eventsLn 1c$52K
Fees for servicesLn 2g$622K
Other incomeLn 4–11$57K
Total revenueLn 12$793K
Assets in detailPt X, end of year
CashLn 1$37K
Cash and savings togetherLn 1–2$37K
Land, buildings, equipmentLn 10c$223K
Other assetsLn 15$3K
Total assetsLn 16$264K
LiabilitiesLn 26$335K
Net assetsLn 32−$71K
OperationsPt I, VI
EmployeesI 58
VolunteersI 65
Fiscal year endsHeaderDecember
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
LineStart FY24End FY24
Cash and savingsLn 1–2$16K$37K
Land, buildings, equipmentLn 10c$260K$223K
Total assetsLn 16$280K$264K
LiabilitiesLn 26$339K$335K
Net assetsLn 32−$58K−$71K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$444K$333K$111K
Other employee benefitsLn 9$42K$31K$10K
Payroll taxesLn 10$32K$24K$8K
Legal feesLn 11b$429$429
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$69$69
Advertising and promotionLn 12$2K$2K$552
Office expensesLn 13$14K$14K
Information technologyLn 14$3K$1K$1K
OccupancyLn 16$125K$94K$31K
TravelLn 17$121$121
InterestLn 20$15K$15K
Depreciation, depletion and amortizationLn 22$28K$28K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$81K$79K$2K
Total functional expensesLn 25$805K$564K$241K$69

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.1M$1.1M−$24K−$58K 990 PDF
FY2023 $1.1M$1.3M−$157K−$34K 990 PDF
FY2022 $123K$123K 990 PDF
FY2021 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $792,716 across 7 lines filed
VIII-1c Fundraising events$51,764
VIII-1f All other contributions, gifts and grants$62,199
VIII-1h Total contributions, gifts and grants$113,963
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $622,055$622,055
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $56,698$56,698
VIII-12 Total revenueRelated to mission $678,753 · Unrelated business $0 · Excluded from tax $0$792,716
Part IX · Statement of functional expenses $805,394 across 15 lines filed
IX-7 Other salaries and wagesPrograms $332,709 · Management $110,903$443,612
IX-9 Other employee benefitsPrograms $31,289 · Management $10,430$41,719
IX-10 Payroll taxesPrograms $23,867 · Management $7,956$31,823
IX-11b Legal feesManagement $429$429
IX-11c Accounting feesManagement $8,190$8,190
IX-11g Other fees for servicesFundraising $69$69
IX-12 Advertising and promotionPrograms $1,656 · Management $552$2,208
IX-13 Office expensesManagement $14,000$14,000
IX-14 Information technologyPrograms $1,404 · Management $1,373$2,777
IX-16 OccupancyPrograms $93,923 · Management $31,308$125,231
IX-17 TravelManagement $121$121
IX-20 InterestManagement $14,660$14,660
IX-22 Depreciation, depletion and amortizationManagement $27,763$27,763
IX-23 InsuranceManagement $11,621$11,621
IX-24 Other expenses (24a–d)Programs $79,263 · Management $1,908$81,171
IX-25 Total functional expensesPrograms $564,111 · Management $241,214 · Fundraising $69$805,394
Part X · Balance sheet $264,026 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $15,822$37,404
X-9 Prepaid expenses and deferred chargesStart of year $3,528−$187
X-10c Land, buildings and equipment, netStart of year $259,649$223,359
X-15 Other assetsStart of year $1,450$3,450
X-16 Total assetsStart of year $280,449$264,026
X-17 Accounts payable and accrued expensesStart of year $61,947$124,577
X-24 Unsecured notes and loans payableStart of year $111,417$195,762
X-25 Other liabilitiesStart of year $163,613$9,579
X-26 Total liabilitiesStart of year $338,846$335,101
X-32 Total net assets or fund balancesStart of year −$58,397−$71,075
X-33 Total liabilities and net assetsStart of year $280,449$264,026
Part XI · Reconciliation of net assets −$71,075 net assets at year end
XI-1 Total revenue$792,716
XI-2 Total expenses$805,394
XI-3 Revenue less expenses−$12,678
XI-4 Net assets at start of year−$58,397
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$71,075

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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