Nonprofit · EIN 26-2367774
VILLAGE PREPARATORY SCHOOL
Tax-exempt · CLEVELAND, OH 44114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,964,592 | $12,921,620 | $42,972 | $16,253,940 | $18,935,178 | -$2,681,238 |
| June 30, 2024 | 990 | $12,151,173 | $12,475,092 | -$323,919 | $16,871,437 | $19,579,004 | -$2,707,567 |
| June 30, 2023 | 990 | $13,996,463 | $10,592,154 | $3,404,309 | $18,552,095 | $20,935,743 | -$2,383,648 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $11,122,979
- of which government grants
- $11,080,053
- Program service revenue
- $136,437
- Investment income
- $400,349
- Other revenue
- $1,304,827
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $103,357
- Other salaries and wages
- $5,700,074
- Salaries, compensation and benefits (total)
- $6,371,159
- Professional fundraising fees
- $0
- Occupancy
- $330,265
- Depreciation
- $525,590
- Program services (functional)
- $8,393,424
- Management and general (functional)
- $4,528,196
Balance sheet and other
- Total assets, start of year
- $16,871,437
- Total assets, end of year
- $16,253,940
- Total liabilities, end of year
- $18,935,178
- Net assets, end of year
- -$2,681,238
- Land, buildings and equipment
- $1,791,758
- Net assets without donor restrictions
- -$3,560,331
- Gross receipts
- $12,964,592
- Employees
- 185
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Amanda Schecter | Principal Key employee | 40 | $103,357 |
| Aditi Garg | Board Chair Trustee or director, Officer | 0.5 | $0 |
| Michelle Harris | Secretary Trustee or director, Officer | 0.5 | $0 |
| Reggie Novak | Finance chair Trustee or director, Officer | 0.5 | $0 |
| Cecil Lipscomb | Board member Trustee or director | 0.5 | $0 |
| Grady Burrows | Board member Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcus Johnson | Principal Key employee | 40 | $103,545 |
| Kelly Foerg | Principal Key employee | 40 | $51,564 |
| Danielle Eisenberg | Chair Trustee or director, Officer | 0.5 | $0 |
| Linda Zucca | Finance Committee Chair Trustee or director, Officer | 0.5 | $0 |
| Aditi Garg | Board Member Trustee or director | 0.5 | $0 |
| Jim LeMay | Board Member Trustee or director | 0.5 | $0 |
| Michelle Harris | Board Member Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kelly Foerg | Principal Key employee | 40 | $82,668 |
| Marcus Jonson | Principal Key employee | 40 | $80,470 |
| Danielle Eisenberg | Academic Committee Chair Trustee or director, Officer | 0.5 | $0 |
| Cynthia Tancer | Secretary Trustee or director, Officer | 0.5 | $0 |
| Linda Zucca | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Joy Johnson | Board Member Trustee or director | 0.5 | $0 |
| Alan S Kopit | Board Member Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1415 E 36TH ST, CLEVELAND, OH 44114-4116
- In care of
- % MICHELE GARRISON
- Principal officer (990 for 2024)
- Amanda Schecter, 1415 East 36th, Cleveland, OH 44114
- Signed the 990
- Celeste Farmer, Treasurer
- Phone
- (216) 456-2070
- Website
- www.thepreschools.org
- Return prepared by
- Zupka & Associates
Mission
To provide a high quality, academically rigorous education for the college bound scholar. We empower our scholars to think critically, assume social responsibility, and serve as advocates from themselves and the community.
Program accomplishments
- The School is defined by the High structured school culture found in many of our nations top-performing urban school. The School focuses on reading and math instruction integrating technology, and features two teachers in each classroom. Teachers are passionate and committed, and every minutes is used to the fullest. Although young, the scholars are held to high behavior and academic standards, and understand that they attend school with college as their long-term goal. All classrooms are named after and decorated as specific colleges as a creative way to motivate and remind scholars of their educational objectives. The School frequently assesses the students to determine with standards have been mastered and with standards deserve review and remediation.Expenses $7,862,538 · revenue $1,323,376
- Expenses $544,201 · revenue $518,237
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 26-2367774
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $16,253,940
- Income (IRS master file)
- $12,964,592
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,964,592 | $12,921,620 | $16,253,940 | XML |
| 990 | June 2024 | $12,151,173 | $12,475,092 | $16,871,437 | XML |
| 990 | June 2023 | $13,996,463 | $10,592,154 | $18,552,095 | XML |
| 990 | June 2022 | $13,142,444 | $7,817,483 | $16,155,164 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2367774).
Questions about VILLAGE PREPARATORY SCHOOL
- What is the EIN of VILLAGE PREPARATORY SCHOOL?
- The employer identification number (EIN) of VILLAGE PREPARATORY SCHOOL is 26-2367774.
- Is VILLAGE PREPARATORY SCHOOL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to VILLAGE PREPARATORY SCHOOL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VILLAGE PREPARATORY SCHOOL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VILLAGE PREPARATORY SCHOOL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VILLAGE PREPARATORY SCHOOL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VILLAGE PREPARATORY SCHOOL?
- The 990 for the year ended June 30, 2025 names Amanda Schecter.
- Who are the officers and directors of VILLAGE PREPARATORY SCHOOL?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $103,357 (Amanda Schecter, Principal).
- How much revenue does VILLAGE PREPARATORY SCHOOL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,964,592, expenses of $12,921,620 and total assets of $16,253,940 at year end.
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