2023-05-08T12:33:49-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2021-07-01 473943780 SCHOLARSHIP PREP SCHO 7147953498 1010 W 17TH STREET SANTA ANA CA 92706 JASON WATTS EXECUTIVE DIRECTOR 7147953498 2023-05-05 1 JASON WATTS 999009999 DERRICK DEBRUYNE P00591016 6268577300 2023-05-02 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JASON WATTS 1010 W 17TH STREET SANTA ANA CA 92706 21948648 0 X HTTPS://SCHOLARSHIPSCHOOLS.ORG/ X 2015 CA TO PROVIDE A UNIVERSITY-INSPIRED PATHWAY OF SUCCESS FOR ALL STUDENTS. 7 7 241 17 0 0 19203179 21917714 0 0 12628 19483 78966 11451 19294773 21948648 0 0 0 0 9509812 12484759 0 0 0 5108375 7592579 14618187 20077338 4676586 1871310 27254087 31495275 20434838 22804716 6819249 8690559 TO PROVIDE A UNIVERSITY-INSPIRED PATHWAY OF SUCCESS WHILE CLOSING THE ACHIEVEMENT GAP FOR ALL STUDENTS, INCLUDING FOSTER YOUTH AND THOSE UNDESERVED. 0 0 14214615 OPERATING THREE PUBLIC CHARTER SCHOOLS SERVING ABOUT 1,359 STUDENTS FROM KINDERGARTEN THROUGH 8TH GRADE FOR 180 INSTRUCTIONAL DAYS. 14214615 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 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 29 0 241 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 1 1 0 CA X JASON WATTS 7147953498 1010 W 17TH STREET SANTA ANA CA 92706 DR CHARLES FRIEDRICHS PRESIDENT 5.00 X X 0 0 0 LEANDRO OTERO VICE PRESIDENT 3.00 X X 0 0 0 JOHN ING TREASURER 3.00 X X 0 0 0 TARYN BURGESS SECRETARY 3.00 X X 0 0 0 CRYSTAL MADAULE BOARD MEMBER 3.00 X 0 0 0 CARRIE BIRCHLER BOARD MEMBER 3.00 X 0 0 0 JASON WEATHERALL BOARD MEMBER 3.00 X 0 0 0 JASON WATTS CO-FOUNDER & EXECUTIVE DIR. 40.00 X 222347 0 58698 SENATOR GLORIA ROMERO CO-FOUNDER & EXECUTIVE DIR. EMERITUS 40.00 X 80625 0 13548 ANDREW CROWE CHIEF SCHOOLS OFFICER 40.00 X 197750 0 44211 SARAH SCHOENFELD-NAKAMOTO CHIEF OPERATIONS OFFICER 40.00 X 128011 0 37700 TAYLOR ELLIS CHIEF ACADEMIC OFFICER 40.00 X 127834 0 34975 MARISA QUINTANAR CHIEF GROWTH OFFICER 40.00 X 128475 0 30032 VALERIE DOUGLASS PRINCIPAL 40.00 X 124444 0 26225 1009486 0 245389 7 0 1 0 TOP NOTCH CATERING LLC PO BOX 1383 NATIONAL CITY CA 91951 FOOD SERVICES 192482 1 21887734 29980 21917714 19483 19483 OTHER FEES AND CONTRACTS 611110 11451 11451 11451 21948648 0 0 30934 287229 229783 57446 9110065 6824441 2285624 1628257 1219187 409070 1099361 844220 255141 359847 269993 89854 556618 556618 165364 165364 52976 52976 931385 599256 332129 39633 39633 1185244 827466 357778 127163 95416 31747 2157853 1613536 544317 55817 55817 503926 503926 222762 166773 55989 131189 98426 32763 OTHER EXPENSES 888544 852013 36531 INSTRUCTIONAL MATERIALS 574105 574105 20077338 14214615 5862723 0 2130745 6956585 13868738 8856099 5271400 2502622 624275 982038 12968952 771021 5358929 12197931 27254087 31495275 972259 3074383 825563 1982221 16967906 17048116 575000 575000 320832 124996 773278 0 20434838 22804716 X 6777077 8683238 42172 7321 6819249 8690559 27254087 31495275 1871310 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3500000 3500000 1049235 310066 739169 581355 460955 120400 7838362 7838362 12197931 X 21948648 0 21948648 0 21948648 20077338 0 20077338 0 20077338 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. 222347 0 0 0 0 0 43198 0 15500 0 281045 0 0 0 ANDREW CROWE CHIEF SCHOOLS OFFICER 197750 0 0 0 0 0 32718 0 11493 0 241961 0 0 0 SARAH SCHOENFELD-NAKAMOTO CHIEF OPERATIONS OFFICER 128011 0 0 0 0 0 25215 0 12485 0 165711 0 0 0 TAYLOR ELLIS CHIEF ACADEMIC OFFICER 127834 0 0 0 0 0 22457 0 12518 0 162809 0 0 0 MARISA QUINTANAR CHIEF GROWTH OFFICER 128475 0 0 0 0 0 30002 0 30 0 158507 0 0 0 VALERIE DOUGLASS PRINCIPAL 124444 0 0 0 0 0 20613 0 5612 0 150669 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 1159938 730779 353948 10883493 6354018 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. FORM 990, PART VI, SECTION C, LINE 19 WE ENSURE OUR BOARD IS NOT ENGAGED IN ANY CONFLICTS OF INTEREST THROUGH THE BOARD SELECTION PROCESS AND ONGOING MONITORING. THIS OCCURS THROUGH FREQUENT COMMUNICATION WITH THE BOARD AND CAREFUL ANALYSIS OF CONTRACTS AND VENDORS. 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 8884 18788922 SCHOLARSHIP PREP CHARTER SCHOOL