Prospect Sierra School: FY2021 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
FY2024	$21.0M

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

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

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1998.

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

Where the money goes

74 cents of each dollar spent went to programs.

74%

25%

Program services 74% · $11.9M Management & general 25% · $4.1M Fundraising 1% · $163K

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

25 people listed on the 990; $1.6M 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

Nisa Frank

School Head

$266,506Pt VII · Sec A

Soo Zee Park

CFO

$197,157Pt VII · Sec A

Abigail Guinn

Elementary School Division

$155,426Pt VII · Sec A

Mark Basnage

Director of Innovation & Technology & I

$138,256Pt VII · Sec A

Elizabeth Clark

Director of Development

$130,604Pt VII · Sec A

Renee Thompson

Director of Admissions

$130,440Pt VII · Sec A

Nathan Tanaka

Middle School Division Hea

$129,512Pt VII · Sec A

Steven J Harrington

Director of Facilities

$124,026Pt VII · Sec A

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

Name	FY2024	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.

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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 · $11.9M · in their own filed words · FY2020

01

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

$11.9Mprogram 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

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By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$16.6M

Ln 12

Fees for servicesLn 2g$14.6M

Gifts and grantsLn 1h$1.3M

Investment incomeLn 3$357K

Money outPt IX

$16.1M

Ln 25

Programscol B$11.9M

Managementcol C$4.1M

Fundraisingcol D$163K

Owns and owesPt X

$13.4M

net assets · Ln 32

Cash and savingsLn 1–2$7.4M

Total assetsLn 16$31.2M

LiabilitiesLn 26$17.8M

PeoplePt VI, VII

25

listed · VII A

PaidVII A11

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.3M

Fees for servicesLn 2g$14.6M

Investment incomeLn 3$357K

Other incomeLn 4–11$279K

Gains on assetsLn 7$186K

Total revenueLn 12$16.6M

Assets in detailPt X, end of year

CashLn 1$7.2M

SavingsLn 2$140K

Cash and savings togetherLn 1–2$7.4M

InvestmentsLn 11–13$10.7M

Land, buildings, equipmentLn 10c$11.0M

Other assetsLn 15$2.1M

Total assetsLn 16$31.2M

LiabilitiesLn 26$17.8M

Net assetsLn 32$13.4M

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 FY21	End FY21
Cash and savingsLn 1–2	$10.2M	$7.4M
InvestmentsLn 11–13	$6.6M	$10.7M
Land, buildings, equipmentLn 10c	$11.5M	$11.0M
Total assetsLn 16	$30.9M	$31.2M
LiabilitiesLn 26	$18.9M	$17.8M
Net assetsLn 32	$12.0M	$13.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic individualsLn 2	$2.3M	$2.3M
Pay of current officers, directors and key staffLn 5	$1.3M	$436K	$723K	$131K
Other salaries and wagesLn 7	$7.2M	$5.3M	$1.9M
Other employee benefitsLn 9	$1.1M	$755K	$362K
Payroll taxesLn 10	$619K	$443K	$176K
Other fees for servicesLn 11g	$556K	$350K	$206K
Information technologyLn 14	$429K	$391K	$37K
OccupancyLn 16	$89K	$89K
InterestLn 20	$353K	$353K
Depreciation, depletion and amortizationLn 22	$871K	$871K
InsuranceLn 23	$110K		$110K
Other expenses (24a–d)Ln 24	$667K	$441K	$226K
All other expensesLn 24e	$541K	$160K	$349K	$32K
Total functional expensesLn 25	$16.1M	$11.9M	$4.1M	$163K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
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 Viewing	$16.6M	$16.1M	$427K	$13.4M	990 PDF
FY2020	$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 FY2021 990 (6 parts)

Part I · Summary $16,565,547 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $659,365$1,346,097

I-9 Program service revenuePrior year $14,607,030$14,583,718

I-10 Investment incomePrior year $254,899$356,775

I-11 Other revenuePrior year $85,030$278,957

I-12 Total revenuePrior year $15,606,324$16,565,547

I-13 Grants and similar amounts paidPrior year $2,041,845$2,304,847

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

I-15 Salaries and benefitsPrior year $9,275,263$10,218,390

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

I-17 Other expensesPrior year $3,381,059$3,615,375

I-18 Total expensesPrior year $14,698,167$16,138,612

I-19 Revenue less expensesPrior year $908,157$426,935

Part VI · Governance 15 of 15 board members independent, no flags

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

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 $16,565,547 across 8 lines filed

VIII-1f All other contributions, gifts and grants$1,346,097

VIII-1h Total contributions, gifts and grants$1,346,097

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $14,583,718$14,583,718

VIII-3 Investment incomeExcluded from tax $170,807$170,807

VIII-6 Net rental income or lossUnrelated business $12,479$12,479

VIII-7 Net gain or loss on sales of assetsRelated to mission $185,968$185,968

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $266,478$266,478

VIII-12 Total revenueRelated to mission $15,036,164 · Unrelated business $12,479 · Excluded from tax $170,807$16,565,547

Part IX · Statement of functional expenses $16,138,612 across 13 lines filed

IX-2 Grants to domestic individualsPrograms $2,304,847$2,304,847

IX-5 Pay of current officers, directors and key staffPrograms $435,753 · Management $722,606 · Fundraising $130,987$1,289,346

IX-7 Other salaries and wagesPrograms $5,296,180 · Management $1,896,611$7,192,791

IX-9 Other employee benefitsPrograms $755,012 · Management $362,258$1,117,270

IX-10 Payroll taxesPrograms $443,154 · Management $175,829$618,983

IX-11g Other fees for servicesPrograms $349,975 · Management $205,728$555,703

IX-14 Information technologyPrograms $391,309 · Management $37,278$428,587

IX-16 OccupancyPrograms $89,385$89,385

IX-20 InterestPrograms $353,197$353,197

IX-22 Depreciation, depletion and amortizationPrograms $870,598$870,598

IX-23 InsuranceManagement $109,719$109,719

IX-24 Other expenses (24a–d)Programs $440,913 · Management $225,897$666,810

IX-24e All other expensesPrograms $160,041 · Management $349,080 · Fundraising $32,255$541,376

IX-25 Total functional expensesPrograms $11,890,364 · Management $4,085,006 · Fundraising $163,242$16,138,612

Part X · Balance sheet $31,201,283 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $5,571,075$7,225,985

X-2 Savings and temporary cash investmentsStart of year $4,611,848$139,915

X-4 Accounts receivableStart of year $248,610$34,141

X-8 Inventories for sale or useStart of year $6,352$0

X-9 Prepaid expenses and deferred chargesStart of year $164,898$30,781

X-10c Land, buildings and equipment, netStart of year $11,501,765$10,963,525

X-11 Publicly traded securitiesStart of year $6,616,745$10,736,707

X-15 Other assetsStart of year $2,176,932$2,070,229

X-16 Total assetsStart of year $30,898,225$31,201,283

X-17 Accounts payable and accrued expensesStart of year $468,169$959,168

X-19 Deferred revenueStart of year $4,809,426$4,918,018

X-26 Total liabilitiesStart of year $18,895,243$17,787,334

X-27 Net assets without donor restrictionsStart of year $9,927,985$11,054,336

X-28 Net assets with donor restrictionsStart of year $2,074,997$2,359,613

X-32 Total net assets or fund balancesStart of year $12,002,982$13,413,949

X-33 Total liabilities and net assetsStart of year $30,898,225$31,201,283

Part XI · Reconciliation of net assets $13,413,949 net assets at year end

XI-1 Total revenue$16,565,547

XI-2 Total expenses$16,138,612

XI-3 Revenue less expenses$426,935

XI-4 Net assets at start of year$12,002,982

XI-5 Net unrealized gains (losses) on investments$984,032

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$13,413,949

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

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Prospect Sierra School FY2021 filing

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