2024-05-03T15:27:23-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 473943780 SCHOLARSHIP PREP SCHO 7147953498 1010 W 17TH STREET SANTA ANA CA 92706 JASON WATTS EXECUTIVE DIRECTOR 7147953498 2024-05-02 1 JASON WATTS 999009999 0 MARLEN GOMEZ P01306775 6268577300 2024-05-02 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JASON WATTS 1010 W 17TH STREET SANTA ANA CA 92706 31429654 0 X HTTPS://SCHOLARSHIPSCHOOLS.ORG/ X 2015 CA TO PROVIDE A UNIVERSITY-INSPIRED PATHWAY OF SUCCESS FOR ALL STUDENTS. 4 4 313 6 0 0 21917714 29297714 0 0 19483 198807 11451 1933133 21948648 31429654 0 0 0 0 12484759 16889403 0 0 0 7592579 12767682 20077338 29657085 1871310 1772569 31495275 63059972 22804716 52596844 8690559 10463128 TO PROVIDE A UNIVERSITY-INSPIRED PATHWAY OF SUCCESS WHILE CLOSING THE ACHIEVEMENT GAP FOR ALL STUDENTS, INCLUDING FOSTER YOUTH AND THOSE UNDESERVED. 0 0 21516467 OPERATING THREE PUBLIC CHARTER SCHOOLS SERVING ABOUT 1,467 STUDENTS FROM KINDERGARTEN THROUGH 8TH GRADE FOR 180 INSTRUCTIONAL DAYS. 21516467 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 45 0 313 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 1 1 0 CA X JASON WATTS 7147953729 1010 W 17TH STREET SANTA ANA CA 92706 DR CHARLES FRIEDRICHS PRESIDENT 5.00 X X 0 0 0 JOHN ING TREASURER 3.00 X X 0 0 0 MARIBEL TOAN SECRETARY 3.00 X X 0 0 0 PETER WATSON BOARD MEMBER 3.00 X 0 0 0 JASON WATTS CO-FOUNDER & EXECUTIVE DIR 40.00 X 246375 0 61737 ANDREW CROWE CHIEF SCHOOL OFFICER 40.00 X 205537 0 55885 KRISTEN D CROWE CHIEF COMMUNITY OFFICER 40.00 X 126875 0 29840 TAYLOR ELLIS CHIEF ACADEMIC OFFICER 40.00 X 137025 0 36794 MARISA QUINTANAR CHIEF GROWTH OFFICER 40.00 X 139562 0 39844 SARAH SCHOENFELD-NAKAMOTO CHIEF OPERATIONS OFFICER 40.00 X 144637 0 38248 1000011 0 262348 26 0 1 0 TOP NOTCH CATERING LLC PO BOX 1383 NATIONAL CITY CA 91951 CATERING 248237 JACOB ISMAEL AGUILA 4122 HORNBROOK AVE BALDWIN PARK CA 91706 MAINTENANCE 126333 HOMETURF 1830 N MARSHALL AVENUE EL CAJON CA 92020 FACILITY IMPROVEMENTS 104173 3 29274595 23119 29297714 198807 198807 EMPLOYEE RETENTION CREDIT 611110 1933133 1933133 1933133 31429654 0 0 2131940 303657 242926 60731 12082047 9944118 2137929 2430130 2000290 429840 1573357 1334340 239017 500212 411372 88840 801221 801221 63065 63065 53268 53268 2089072 1732390 356682 31907 31907 1508078 779608 728470 174861 144006 30855 3837929 1978343 1859586 80030 80030 871731 871731 392232 202245 189987 363512 299334 64178 OTHER EXPENSES 1526757 1473476 53281 INSTRUCTIONAL MATERIAL 974019 974019 29657085 21516467 8140618 0 6956585 10432342 8856099 8013683 2502622 3162691 982038 787000 15994487 1163250 12197931 14831237 0 25833019 31495275 63059972 3074383 1860335 1982221 5726122 17048116 17128326 575000 575000 124996 62494 0 27244567 22804716 52596844 X 8683238 10427204 7321 35924 8690559 10463128 31495275 63059972 1772569 0 X X 0 1 X 1 1 1 X 3500000 3500000 11355319 625238 10730081 5800 870 4930 631068 537142 93926 502300 502300 14831237 OPERATING RIGHT-OF-USE ASSET 25833019 25833019 OPERATING LEASE LIABILITY 27244567 27244567 X 31429654 0 31429654 0 31429654 29657085 0 29657085 0 29657085 PART X, LINE 2: THE SCHOOL IS A NON-PROFIT ENTITY EXEMPT FROM THE PAYMENT OF INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE SECTION 23701D. ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE SCHOOL FILES AN EXEMPT RETURN AND APPLICABLE UNRELATED BUSINESS INCOME TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND WITH THE CALIFORNIA FRANCHISE TAX BOARD. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE STATEMENT IS ON THE SCHOOL'S WEBSITE ON THE ENROLLMENT PAGE. SCHEDULE E, PART I, LINE 4 THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL WHICH OPERATES TUITION-FREE. THEREFORE, SCHOLARSHIPS AND FINANCIAL ASSISTANCE ARE NOT APPLICABLE. SCHEDULE E, PART I, LINE 6 AS A PUBLIC CHARTER SCHOOL, THE ORGANIZATION RECEIVES FEDERAL AND STATE FUNDING PASSED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION. X X X 0 0 0 0 0 0 0 0 0 JASON WATTS CO-FOUNDER & EXECUTIVE DIR 246375 0 0 0 0 0 49677 0 12060 0 308112 0 0 0 ANDREW CROWE CHIEF SCHOOL OFFICER 205537 0 0 0 0 0 44298 0 11587 0 261422 0 0 0 SARAH SCHOENFELD-NAKAMOTO CHIEF OPERATIONS OFFICER 144637 0 0 0 0 0 26188 0 12060 0 182885 0 0 0 MARISA QUINTANAR CHIEF GROWTH OFFICER 139562 0 0 0 0 0 33784 0 6060 0 179406 0 0 0 TAYLOR ELLIS CHIEF ACADEMIC OFFICER 137025 0 0 0 0 0 24734 0 12060 0 173819 0 0 0 KRISTEN D CROWE CHIEF COMMUNITY OFFICER 126875 0 0 0 0 0 22915 0 6925 0 156715 0 0 0 A CALIFORNIA SCHOOL FINANCE AUTHORITY 201563466 13058TKG4 2020-12-23 17745000 ACQUISITION, CONSTRUCTION, AND FURNISHING OF SCHOOL FACILITIES 0 0 0 A 17745000 1159253 857748 353948 11015287 1699525 0 0 1 1 A 1 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT WITH ANY CHANGES OR REVISIONS INCORPORATED INTO THE FILING. THE REVISED RETURN IS THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR'S PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE EXECUTIVE DIRECTOR'S COMPENSATION AS A DIRECT ACTION. THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINED BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. THE DISCUSSION AND COMPENSATION DECISION IS DOCUMENTED CONTEMPORANEOUSLY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. SCHOLARSHIP PREP FACILITY HOLDINGS LLC 770 THE CITY DR S ORANGE CA 92868 473943780 FACILITIES CA 1203368 17243815 SCHOLARSHIP PREP CHARTER SCHOOL