Intrepid College Preparatory, Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$14,670,230.00
Projected Expenses
$14,416,666.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| Intrepid College Preparatory, Inc. IRS Letter |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Revenue | $15,003,846.00 | $13,294,005.00 | $8,399,105.00 |
| Total Expenses | $10,891,904.00 | $4,773,631.00 | $8,385,649.00 |
| Revenue Less Expenses | $4,111,942.00 | $8,520,374.00 | $13,456.00 |
Revenue Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Foundation and Corporation Contributions | $0.00 | $0.00 | $0.00 |
| Government - Federal | $0.00 | $0.00 | $0.00 |
| Government - State | $0.00 | $0.00 | $0.00 |
| Government - Local | $0.00 | $0.00 | $0.00 |
| Government - Unspecified | $14,875,127.00 | $10,901,366.00 | $7,385,928.00 |
| Contributions, Gifts, and Grants | $51,717.00 | $209,673.00 | $259,324.00 |
| Indirect Public Support | $0.00 | $0.00 | $0.00 |
| Earned Revenue | $0.00 | $1,224,654.00 | $696,511.00 |
| Investment Income, Net of Losses | $4,441.00 | $0.00 | $0.00 |
| Membership Dues | $0.00 | $0.00 | $0.00 |
| Special Events | $0.00 | $0.00 | $0.00 |
| Revenue In-Kind | $0.00 | $0.00 | $0.00 |
| Other | $72,561.00 | $958,312.00 | $57,342.00 |
Expense Allocation
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Program Expense | $7,341,311.00 | $5,719,664.00 | $5,712,086.00 |
| Administration Expense | $3,550,593.00 | $2,800,710.00 | $2,673,563.00 |
| Fundraising Expense | $0.00 | $0.00 | $0.00 |
| Total Revenue/Total Expenses | 138% | 156% | 100% |
| Program Expense/Total Expenses | 67% | 67% | 68% |
| Fundraising Expense/Contributed Revenue | 0% | 0% | 0% |
Top Funding Sources
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | Other Revenue $72,561.00 | Government Grants $10,901,366.00 | Government Grants $7,385,928.00 |
| Second Highest Funding Source & Dollar Amount | Contributions, Gifts, and Grants $51,717.00 | Program Revenue $1,224,654.00 | Program Revenue $696,511.00 |
| Third Highest Funding Source & Dollar Amount | Investment Income $4,441.00 | Other Revenue $958,312.00 | Contributions, Gifts, and Grants $259,324.00 |
Assets and Liabilities
| Fiscal Year | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $14,332,039.00 | $7,177,648.00 | $3,620,260.00 |
| Current Assets | $9,556,361.00 | $5,294,662.00 | $2,487,428.00 |
| Long-Term Liabilities | $158,596.00 | $279,735.00 | $1,787,943.00 |
| Current Liabilities | $4,294,194.00 | $1,130,606.00 | $838,641.00 |
| Total Net Assets | $9,879,249.00 | $5,767,307.00 | $993,676.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
No
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Exempt
Form 990s
| 2021-2022 990 | 2022 |
| 2020-2021 990 | 2021 |
| 2019-2020 990 | 2020 |
| 2018-2019 990 | 2019 |
| 2017 990 | 2018 |
| 2016 990 | 2017 |
| 2015 990 | 2016 |
| 2014 990 | 2015 |
| 2013 990 | 2013 |
| 2012 990 | 2012 |
| 2011 990 | 2011 |
Audit Documents
| July 2021 - June 2022 Audit | 2022 |
| 2021 Audit | 2021 |
| 2020 Audit | 2020 |
| July 2017-June 2018 | 2018 |
| July 2016- June 2017 Audit | 2017 |
| July 2015- June 2016 Audit | 2016 |
| July 2014 - June 2015 Audit | 2015 |
| January 2012 - June 2014 Audit | 2014 |
Foundation Staff Comments
| Financial figures taken from Form 990. Form 990 was prepared by Crosslin, PLLC. Comments provided by Hayley Sulfridge 8/14/23. |
