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Nonprofit · EIN 47-2393817

DOWNTOWN COLLEGE PREP FOUNDATION

Tax-exempt · SAN JOSE, CA 95110

Financials

$3.5M$3.5M2022$3.6M$3.5M2023
Revenue Expenses · by fiscal year end
Financials of DOWNTOWN COLLEGE PREP FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990$3,585,765$3,545,502$40,263$40,190,668$37,670,636$2,520,032
June 30, 2023990$3,533,014$3,529,343$3,671$41,110,408$38,630,639$2,479,769
Financial details: 990 for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$3,585,765
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Occupancy
$601,992
Depreciation
$1,226,211
Program services (functional)
$3,545,502

Balance sheet and other

Total assets, start of year
$41,110,408
Total assets, end of year
$40,190,668
Total liabilities, end of year
$37,670,636
Net assets, end of year
$2,520,032
Land, buildings and equipment
$34,822,171
Net assets with donor restrictions
$2,520,032
Gross receipts
$3,585,765
Employees
0
Volunteers
4
Year formed
2014
State of legal domicile
CA

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
RODNEY JENNYPRESIDENT
Trustee or director, Officer
2$0
SEAN C MEEKSTREASURER & SECRETARY
Trustee or director, Officer
2$0
TERRY DEVEAUDIRECTOR
Trustee or director
2$0
MARY CURTISDIRECTOR
Trustee or director
2$0
990 for the year ended June 30, 2023: 5 people
NameTitleHours / weekCompensation
RODNEY JENNYPRESIDENT
Trustee or director, Officer
2$0
SEAN C MEEKSTREASURER & SECRETARY
Trustee or director, Officer
2$0
TERRY DEVEAUDIRECTOR
Trustee or director
2$0
MARY CURTISDIRECTOR
Trustee or director
2$0
JEFF BLACKDIRECTOR THROUGH 3/1/23
Trustee or director
2$0

Address and contacts

Address (IRS master file)
1402 MONTEREY HWY, SAN JOSE, CA 95110-3617
In care of
% RUTH WAMUYU SCHRIVER
Principal officer (990 for 2023)
VALERIE ROYALTEY-QUANDT, 1402 MONTEREY ROAD, SAN JOSE, CA 95110
Signed the 990
SEAN MEEKS, TREASURER
Phone
(408) 271-8120
Return prepared by
MOSS ADAMS LLP

California records

California keeps its own records of charities and corporations. Search them by EIN 47-2393817 or by the name DOWNTOWN COLLEGE PREP FOUNDATION.

Attorney General, Registry of Charities and Fundraisers
Registration status and filed reports (CT-TR-1, RRF-1)

Mission

TO SUPPORT THE ACROSS THE BRIDGE FOUNDATION DBA DOWNTOWN COLLEGE PREPARATORY (ABF) AND THE CHARTER SCHOOLS IT OPERATES BY PROVIDING REAL ESTATE DEVELOPMENT AND MANAGEMENT SERVICES INCLUDING PLANNING, FINANCING, CONSTRUCTION, AND CONSTRUCTION MANAGEMENT, HOLDING TITLE TO PROPERTY LEASED TO ABF AND FACILITIES MANAGEMENT.

990 for the year ended June 30, 2024

Program accomplishments

  • TO SUPPORT ACROSS THE BRIDGE FOUNDATION
    Expenses $3,545,502 · revenue $3,585,765

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 yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
47-2393817
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization, Type I
Donations deductible (Pub 78)
Supporting organization, 50% limit
Exempt since
2015
Accounting year ends
June
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B11)
Assets (IRS master file)
$40,190,668
Income (IRS master file)
$3,585,765

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2024$3,585,765$3,545,502$40,190,668IRS
990June 2023$3,533,014$3,529,343$41,110,408IRS
990June 2022$3,555,875$3,472,317$41,605,660IRS
990June 2021–––IRS
990June 2020–––IRS
990June 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 47-2393817).

Questions about DOWNTOWN COLLEGE PREP FOUNDATION

What is the EIN of DOWNTOWN COLLEGE PREP FOUNDATION?
The employer identification number (EIN) of DOWNTOWN COLLEGE PREP FOUNDATION is 47-2393817.
Is DOWNTOWN COLLEGE PREP FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
Are donations to DOWNTOWN COLLEGE PREP FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization, 50% limit).
Which annual return does DOWNTOWN COLLEGE PREP FOUNDATION 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 DOWNTOWN COLLEGE PREP FOUNDATION 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 DOWNTOWN COLLEGE PREP FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2024.
Who is the principal officer of DOWNTOWN COLLEGE PREP FOUNDATION?
The 990 for the year ended June 30, 2024 names VALERIE ROYALTEY-QUANDT.
Who are the officers and directors of DOWNTOWN COLLEGE PREP FOUNDATION?
The 990 for the year ended June 30, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does DOWNTOWN COLLEGE PREP FOUNDATION have?
On its 990 for the year ended June 30, 2024 it reported revenue of $3,585,765, expenses of $3,545,502 and total assets of $40,190,668 at year end.

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