Prospect Sierra School: FY2020 Nonprofit Profile & Form 990 (EIN 94-2940144)

Revenue by fiscal year
FY2020	$15.6M
FY2021	$16.6M
FY2022	$17.9M
FY2023	$18.4M
FY2024	$17.9M
FY2025	$21.0M

Expenses by fiscal year
FY2020	$14.7M
FY2021	$16.1M
FY2022	$16.7M
FY2023	$18.4M
FY2024	$19.5M
FY2025	$20.0M

Net assets by fiscal year
FY2020	$12.0M
FY2021	$13.4M
FY2022	$12.6M
FY2023	$13.7M
FY2024	$13.2M
FY2025	$14.9M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1998.

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

Where the money goes

76 cents of each dollar spent went to programs.

76%

24%

Program services 76% · $11.1M Management & general 24% · $3.5M Fundraising 1% · $78K

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

22 people listed on the 990; $1.2M 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

Gregory Engel

CFO

$215,750Pt VII · Sec A

Katherine Dinh January - June

School Head

$183,775Pt VII · Sec A

Abigail Guinn

Elementary School Division

$152,676Pt VII · Sec A

Mark Basnage

Director of Technology & I

$127,296Pt VII · Sec A

Renee Thompson

Director of Admissions

$126,360Pt VII · Sec A

Nisa Frank July - December

School Head

$125,000Pt VII · Sec A

Steve Harrington

Director of Facilities

$120,680Pt VII · Sec A

Nathan Tanaka

Middle School Division Head

$112,481Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Nisa Frank	$375,000	$345,016	$309,649	$267,286	$266,506	—
Soo Zee Park	$241,802	$235,682	$219,823	$197,937	$197,157	—
Gregory Engel	—	—	—	—	—	$215,750
Abigail Guinn	$189,000	$189,190	$175,025	$156,207	$155,426	$152,676
Katherine Dinh January - June	—	—	—	—	—	$183,775
Nathan Tanaka	$165,000	$160,974	$151,041	$130,292	$129,512	$112,481
Quise Rodriguez Edwards	$163,001	$158,667	—	—	—	—
Renee Thompson	$157,501	$153,438	$143,479	$131,220	$130,440	$126,360

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.

See Prospect Sierra School 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 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Educates children TK-8th grade, fostering deep understanding, strong skills, and independent thinking.

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Provided by the organization

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1 program · $11.1M · in their own filed words · FY2019

01

Provide education for school age children in grades transitional kindergarten through 8TH.

$11.1Mprogram 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$61K

Morgan Stanley Global Impact Funding Trust INCFY2024$59K

American Online Giving Foundation INCFY2024$52K

American Endowment FoundationFY2024$36K

Donor Advised Charitable Giving INCFY2024$22K

Jason Family FoundationFY2024$4K

Eden FoundationFY2024$250

Total grants receivedfrom 7 funders$234K

See all 7 funders →

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$15.6M

Ln 12

Fees for servicesLn 2g$14.6M

Gifts and grantsLn 1h$659K

Investment incomeLn 3$255K

Money outPt IX

$14.7M

Ln 25

Programscol B$11.1M

Managementcol C$3.5M

Fundraisingcol D$78K

Owns and owesPt X

$12.0M

net assets · Ln 32

Cash and savingsLn 1–2$10.2M

Total assetsLn 16$30.9M

LiabilitiesLn 26$18.9M

PeoplePt VI, VII

22

listed · VII A

PaidVII A8

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$659K

Fees for servicesLn 2g$14.6M

Investment incomeLn 3$255K

Other incomeLn 4–11$85K

Gains on assetsLn 7$52K

Total revenueLn 12$15.6M

Assets in detailPt X, end of year

CashLn 1$5.6M

SavingsLn 2$4.6M

Cash and savings togetherLn 1–2$10.2M

InvestmentsLn 11–13$6.6M

Land, buildings, equipmentLn 10c$11.5M

Other assetsLn 15$2.2M

Total assetsLn 16$30.9M

LiabilitiesLn 26$18.9M

Net assetsLn 32$12.0M

OperationsPt I, VI

EmployeesI 5158

VolunteersI 640

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$8.7M	$10.2M
InvestmentsLn 11–13	$5.6M	$6.6M
Land, buildings, equipmentLn 10c	$12.4M	$11.5M
Total assetsLn 16	$30.0M	$30.9M
LiabilitiesLn 26	$18.9M	$18.9M
Net assetsLn 32	$11.1M	$12.0M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2.0M	$2.0M
Pay of current officers, directors and key staffLn 5	$1.2M	$265K	$899K
Other salaries and wagesLn 7	$6.2M	$4.8M	$1.4M
Other employee benefitsLn 9	$1.3M	$892K	$455K
Payroll taxesLn 10	$529K	$368K	$161K
Other fees for servicesLn 11g	$567K	$468K	$99K
Information technologyLn 14	$184		$184
OccupancyLn 16	$81K	$81K
InterestLn 20	$442K	$442K
Depreciation, depletion and amortizationLn 22	$954K	$954K
InsuranceLn 23	$104K		$104K
Other expenses (24a–d)Ln 24	$777K	$647K	$52K	$78K
All other expensesLn 24e	$456K	$155K	$301K
Total functional expensesLn 25	$14.7M	$11.1M	$3.5M	$78K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$21.0M	$20.0M	$976K	$14.9M	990 PDF
FY2024	$17.9M	$19.5M	−$1.6M	$13.2M	990 PDF
FY2023	$18.4M	$18.4M	$17K	$13.7M	990 PDF
FY2022	$17.9M	$16.7M	$1.1M	$12.6M	990 PDF
FY2021	$16.6M	$16.1M	$427K	$13.4M	990 PDF
FY2020 Viewing	$15.6M	$14.7M	$908K	$12.0M	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 FY2020 990 (6 parts)

Part I · Summary $15,606,324 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $659,556$659,365

I-9 Program service revenuePrior year $13,678,891$14,607,030

I-10 Investment incomePrior year $247,403$254,899

I-11 Other revenuePrior year $29,042$85,030

I-12 Total revenuePrior year $14,614,892$15,606,324

I-13 Grants and similar amounts paidPrior year $2,091,207$2,041,845

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $9,199,188$9,275,263

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $3,369,240$3,381,059

I-18 Total expensesPrior year $14,659,635$14,698,167

I-19 Revenue less expensesPrior year −$44,743$908,157

Part VI · Governance 14 of 14 board members independent, no flags

VI-1a Voting members of the governing body14

VI-1b Independent voting members14

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 $15,606,324 across 8 lines filed

VIII-1f All other contributions, gifts and grants$659,365

VIII-1h Total contributions, gifts and grants$659,365

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,607,030$14,607,030

VIII-3 Investment incomeExcluded from tax $202,946$202,946

VIII-6 Net rental income or lossUnrelated business $17,354$17,354

VIII-7 Net gain or loss on sales of assetsExcluded from tax $51,953$51,953

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $67,676$67,676

VIII-12 Total revenueRelated to mission $14,674,706 · Unrelated business $17,354 · Excluded from tax $254,899$15,606,324

Part IX · Statement of functional expenses $14,698,167 across 13 lines filed

IX-2 Grants to domestic individualsPrograms $2,041,845$2,041,845

IX-5 Pay of current officers, directors and key staffPrograms $265,157 · Management $898,861$1,164,018

IX-7 Other salaries and wagesPrograms $4,815,029 · Management $1,419,509$6,234,538

IX-9 Other employee benefitsPrograms $892,292 · Management $455,135$1,347,427

IX-10 Payroll taxesPrograms $368,150 · Management $161,130$529,280

IX-11g Other fees for servicesPrograms $467,627 · Management $99,361$566,988

IX-14 Information technologyManagement $184$184

IX-16 OccupancyPrograms $80,993$80,993

IX-20 InterestPrograms $442,232$442,232

IX-22 Depreciation, depletion and amortizationPrograms $953,864$953,864

IX-23 InsuranceManagement $103,933$103,933

IX-24 Other expenses (24a–d)Programs $647,000 · Management $52,232 · Fundraising $78,005$777,237

IX-24e All other expensesPrograms $154,558 · Management $301,070$455,628

IX-25 Total functional expensesPrograms $11,128,747 · Management $3,491,415 · Fundraising $78,005$14,698,167

Part X · Balance sheet $30,898,225 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $7,242,005$5,571,075

X-2 Savings and temporary cash investmentsStart of year $1,500,181$4,611,848

X-4 Accounts receivableStart of year $904,104$248,610

X-8 Inventories for sale or useStart of year $6,352$6,352

X-9 Prepaid expenses and deferred chargesStart of year $24,545$164,898

X-10c Land, buildings and equipment, netStart of year $12,364,071$11,501,765

X-11 Publicly traded securitiesStart of year $5,644,585$6,616,745

X-15 Other assetsStart of year $2,283,635$2,176,932

X-16 Total assetsStart of year $29,969,478$30,898,225

X-17 Accounts payable and accrued expensesStart of year $417,838$468,169

X-19 Deferred revenueStart of year $6,079,263$4,809,426

X-26 Total liabilitiesStart of year $18,873,637$18,895,243

X-27 Net assets without donor restrictionsStart of year $9,145,825$9,927,985

X-28 Net assets with donor restrictionsStart of year $1,950,016$2,074,997

X-32 Total net assets or fund balancesStart of year $11,095,841$12,002,982

X-33 Total liabilities and net assetsStart of year $29,969,478$30,898,225

Part XI · Reconciliation of net assets $12,002,982 net assets at year end

XI-1 Total revenue$15,606,324

XI-2 Total expenses$14,698,167

XI-3 Revenue less expenses$908,157

XI-4 Net assets at start of year$11,095,841

XI-5 Net unrealized gains (losses) on investments$15,048

XI-8 Prior period adjustments−$16,064

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$12,002,982

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

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Prospect Sierra School FY2020 filing

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