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Discovery Preparatory School INC FY2023 filing

Tax-deductible

Dana Point, CA501(c)(3)Since 2020Education EIN 86-3491887Revenue $1.1M in FY2023

On file with the IRSdiscoveryprepschool.com32881 Buccaneer St, 92629-1312 · Dana Point, CATax-exempt since Aug 2022School — 170(b)(1)(A)(ii)

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Charitable and Education Activities

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
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
0 of 3
filings with a surplus
Average deficit $65K a year · 7% of revenue · last 3 filings
Concern: a surplus in 0 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
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
$486K
108% of total assets
Concern: liabilities are 108% 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
$1.1M
+803% vs prior year
Spent
$1.3M
To programs
77%
Net assets
−$34K
By yearFY2021–FY2025
Revenue
$1.1M
FY2023▲ +803%
Tap a bar for its year
Revenue by fiscal year
FY2021Not on file
FY2022$123K
FY2023$1.1M
FY2024$1.1M
FY2025$793K
Expenses
$1.3M
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2021Not on file
FY2022Not on file
FY2023$1.3M
FY2024$1.1M
FY2025$805K
Net assets
−$34K
FY2023▼ -128%
Tap a bar for its year
Net assets by fiscal year
FY2021Not on file
FY2022$123K
FY2023−$34K
FY2024−$58K
FY2025−$71K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 ruling in Aug 2022.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $978K Management & general 23% · $292K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Rob Phillips
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Mandy Davis
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.

Questions for Discovery Preparatory School INC

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Provided by the organization

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1 program · $978K · in their own filed words · FY2022
01

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

$978Kprogram 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 · FY2024
Fidelity Investments Charitable Gift FundFY2024$15K
National Philanthropic TrustFY2024$13K
Total grants receivedfrom 2 funders$28K

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Fees for servicesLn 2g$1.0M
Gifts and grantsLn 1h$98K
Other incomeLn 4–11$3K
Money outPt IX
$1.3M
Ln 25
Programscol B$978K
Managementcol C$292K
Owns and owesPt X
−$34K
net assets · Ln 32
Cash and savingsLn 1–2$130K
Total assetsLn 16$452K
LiabilitiesLn 26$486K
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$98K
Noncash giftsLn 1g$250
Fundraising eventsLn 1c$44K
Fees for servicesLn 2g$1.0M
Other incomeLn 4–11$3K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$130K
Cash and savings togetherLn 1–2$130K
Land, buildings, equipmentLn 10c$289K
Other assetsLn 15$1K
Total assetsLn 16$452K
LiabilitiesLn 26$486K
Net assetsLn 32−$34K
OperationsPt I, VI
EmployeesI 58
VolunteersI 65
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$123K$130K
Land, buildings, equipmentLn 10c$289K
Total assetsLn 16$123K$452K
LiabilitiesLn 26$0$486K
Net assetsLn 32$123K−$34K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$769K$615K$154K
Other employee benefitsLn 9$44K$44K
Payroll taxesLn 10$66K$53K$13K
Legal feesLn 11b$230$230
Accounting feesLn 11c$9K$9K
Other fees for servicesLn 11g$875$875
Advertising and promotionLn 12$42K$17K$26K
Office expensesLn 13$21K$21K
Information technologyLn 14$12K$7K$5K
OccupancyLn 16$131K$98K$33K
TravelLn 17$4K$4K
InterestLn 20$259$259
Depreciation, depletion and amortizationLn 22$26K$26K
Other expenses (24a–d)Ln 24$144K$144K
Total functional expensesLn 25$1.3M$978K$292K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $793K$805K−$13K−$71K 990 PDF
FY2024 $1.1M$1.1M−$24K−$58K 990 PDF
FY2023 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,113,740 revenue, 12 lines filed
I-8 Contributions and grants$98,130
I-9 Program service revenue$1,012,657
I-10 Investment income$0
I-11 Other revenue$2,953
I-12 Total revenue$1,113,740
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$879,189
I-16a Professional fundraising fees$0
I-17 Other expenses$391,198
I-18 Total expenses$1,270,387
I-19 Revenue less expenses−$156,647
Part VI · Governance 3 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,113,740 across 7 lines filed
VIII-1c Fundraising events$43,540
VIII-1f All other contributions, gifts and grants$54,590
VIII-1g Noncash contributions (included above)$250
VIII-1h Total contributions, gifts and grants$98,130
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,012,657$1,012,657
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,953$2,953
VIII-12 Total revenueRelated to mission $1,015,610 · Unrelated business $0 · Excluded from tax $0$1,113,740
Part IX · Statement of functional expenses $1,270,387 across 14 lines filed
IX-7 Other salaries and wagesPrograms $615,471 · Management $153,868$769,339
IX-9 Other employee benefitsPrograms $44,028$44,028
IX-10 Payroll taxesPrograms $52,658 · Management $13,164$65,822
IX-11b Legal feesManagement $230$230
IX-11c Accounting feesManagement $9,364$9,364
IX-11g Other fees for servicesManagement $875$875
IX-12 Advertising and promotionPrograms $16,639 · Management $25,858$42,497
IX-13 Office expensesManagement $21,296$21,296
IX-14 Information technologyPrograms $6,767 · Management $4,867$11,634
IX-16 OccupancyPrograms $98,100 · Management $32,700$130,800
IX-17 TravelManagement $3,714$3,714
IX-20 InterestManagement $259$259
IX-22 Depreciation, depletion and amortizationManagement $26,220$26,220
IX-24 Other expenses (24a–d)Programs $144,309$144,309
IX-25 Total functional expensesPrograms $977,972 · Management $292,415 · Fundraising $0$1,270,387
Part X · Balance sheet $451,854 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $123,300$130,500
X-9 Prepaid expenses and deferred charges$30,828
X-10c Land, buildings and equipment, net$289,076
X-15 Other assets$1,450
X-16 Total assetsStart of year $123,300$451,854
X-17 Accounts payable and accrued expenses$19,565
X-24 Unsecured notes and loans payable$121,811
X-25 Other liabilities$335,415
X-26 Total liabilitiesStart of year $0$485,872
X-32 Total net assets or fund balancesStart of year $123,300−$34,018
X-33 Total liabilities and net assetsStart of year $123,300$451,854
Part XI · Reconciliation of net assets −$34,018 net assets at year end
XI-1 Total revenue$1,113,740
XI-2 Total expenses$1,270,387
XI-3 Revenue less expenses−$156,647
XI-4 Net assets at start of year$123,300
XI-8 Prior period adjustments−$671
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$34,018

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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