Overview
What is Parnassus Preparatory School?
Parnassus Preparatory School is a nonprofit institution located in Maple Grove, Minnesota, with a diverse student body. In the 2021-2022 academic year, approximately 66% of the school's 1341 students were from underrepresented backgrounds. Among these students, around 43% were Black and African American, and 27% qualified for free or reduced lunches. Additionally, 8% were English learners and under 5% received special education services. The school's academic program is based on a classical education framework, focusing on the liberal arts. Students engage in subjects such as English literature, mathematics, sciences, formal logic, philosophy, Latin, Greek, Spanish, history, geography, art history, music, and more. The mission of Parnassus Preparatory School is to deliver a classical education grounded in the classical triumvirate, demanding students' best in intellectual achievement and character development. The school is home to 152 employees.
Official website here: www.parnassusprep.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Parnassus Preparatory School has received a 77% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization demonstrates a strong commitment to transparency, with an independent board consisting of 80% independent members and a comprehensive audit and oversight committee that scored full points in its assessment.
The school excels in its program expense ratio, allocating approximately 88.85% of its expenses directly to programs, which reflects a focus on its educational mission. Additionally, it has well-documented policies in place, including conflict of interest and whistleblower policies, ensuring ethical governance and oversight.
However, while the overall score is commendable, there may be areas for improvement in aspects not fully detailed in the provided metrics. Continued attention to financial management and operational transparency will help maintain and potentially enhance its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Parnassus Preparatory School legitimate?
Parnassus Preparatory School is a legitimate nonprofit organization registered as a 501(c)(3) entity. Parnassus Preparatory School submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $239,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,519,201
For more financial information, click here
Official website here: www.parnassusprep.com
What is the mission statement of Parnassus Preparatory School?
Parnassus Preparatory School is committed to providing students with a classical education, rooted in the classical triium, that challenges them intellectually and fosters character development. With a diverse student body, over 43% of whom were Black and African American in the 2021-2022 school year, the school serves a wide range of students. Among its student population, about 27% qualified for free or reduced lunch, 8% were English learners, and just under 5% received special education services. The academic program at Parnassus Preparatory School is structured around the liberal arts, engaging students in subjects such as English literature, mathematics, sciences, formal logic, philosophy, Latin, Greek, Spanish, history, geography, art history, music, and the arts.
Official website here: www.parnassusprep.com
Who is the CEO of Parnassus Preparatory School?
Constance Ford is the Director And Employee of Parnassus Preparatory School.
Official website here: www.parnassusprep.com
What is the revenue of Parnassus Preparatory School?
Parnassus Preparatory School's revenue in 2022 was $16,239,729.
Official website here: www.parnassusprep.com
Who are the executives of Parnassus Preparatory School and what are their salaries?
The average compensation at Parnassus Preparatory School during 2022 was $44,464. There are 152 employees and 75 volunteers at Parnassus Preparatory School.
Here are 6 key members and their salaries:
- Compensation: $58,940
- Related: $0
- Other: $22,450
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $131,612
- Related: $0
- Other: $19,902
Official website here: www.parnassusprep.com
Where can I find the form 990 for Parnassus Preparatory School?
Parnassus Preparatory School's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.parnassusprep.com
Learn more at the official website: www.parnassusprep.com
Mission Statement of Parnassus Preparatory School
Parnassus Preparatory School, a high-achieving educational institution, is dedicated to providing students with a classical education grounded in the Classical Trivium. This mission demands nothing less than their best in both intellectual achievement and character development.
The student body at Parnassus Preparatory School is diverse and inclusive, welcoming over 1300 students during the 2021-2022 school year. More than two-thirds of these students identified as students of color, with black and African American students comprising approximately 43% of the population. Additionally, 27% of students qualified for free or reduced lunches, 8% were English learners, and just under 5% received special education services.
Parnassus' academic program is centered around the Liberal Arts, immersing students in a wide range of subjects. They engage in English literature, mathematics, sciences, formal logic, philosophy, Latin, Greek, Spanish, history, geography, art history, music, and the arts. This comprehensive curriculum aims to foster intellectual growth and well-rounded development in each student. The school's commitment to excellence and character is reflected in its diverse and dedicated student body.
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Impact
October, 2024
Parnassus Preparatory School makes a significant impact by providing students with a rigorous classical education that emphasizes both intellectual achievement and character development. Located in Maple Grove, Minnesota, the school serves a diverse population, with more than 66% of its student body comprised of students of color, including 43% who identify as Black or African American. This inclusive environment fosters a rich cultural exchange and promotes equity in educational opportunities.
The school’s academic framework is deeply rooted in the classical trivium, ensuring that students engage with an expansive curriculum that includes subjects like English literature, mathematics, sciences, philosophy, Latin, and the arts. This holistic approach not only equips students with knowledge but also encourages critical thinking and creativity, laying a strong foundation for lifelong learning.
With 27% of students qualifying for free or reduced lunch and a substantial number receiving special education services or being English learners, Parnassus Preparatory School demonstrates a commitment to meeting the diverse needs of its student population. By nurturing both intellect and character, the school prepares students to become informed, responsible, and compassionate citizens, thereby having a lasting impact on the community and contributing to the development of future leaders.
This information is meant to be a general summary of Parnassus Preparatory School. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$3,931
- Program Service Revenue: $172,001
- Gross Receipts: $16,260,761
Assets and Liabilities:
- Total Assets: $11,987,253
- Total Liabilities: $13,327,311
- Net Assets: -$1,340,058
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$172,001
Organization Details
Founding Year
2009
Phone
(763) 496-1416Principal Officer
Constance Ford
Main Address
11201 96TH AVENUE NORTH, MAPLE GROVE, MN, 55369
Website
www.parnassusprep.comNTEE Category
Code: B29 - Education
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