Overview
What is University Prep Inc?
University Prep Inc, a component of Denver Public Schools, is a nonprofit organization that operates tuition-free public charter schools. Their primary focus is on nurturing college aspirations from an early age. By integrating college-like environments into their classrooms and organizing annual college campus visits, they motivate each student towards attaining a four-year college degree. Through their elementary schools in Northeast Denver, University Prep aims to develop a solid foundation of skills, knowledge, and character in every K-5 scholar, ensuring they embark on a journey towards a prosperous life.
What are the reviews and ratings of this charity?
Charity Navigator rating: 90%, Four-Star out of Four Star rating.
University Prep Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 90% in this category, indicating sound financial practices and transparency. The high score is attributed to a fully independent board and thorough oversight of financial statements, which contributes to the trustworthiness of the organization.
The nonprofit demonstrates a strong commitment to governance, with all board members being independent, a robust conflict of interest policy, and the documentation of board meeting minutes. The organization also maintains a solid financial health, as evidenced by a 0% liabilities to assets ratio and a program expense ratio of nearly 79%, suggesting that a significant portion of its expenses goes directly towards its mission rather than overhead.
While the available data highlights many strengths, there are no noted limitations regarding the organization's practices or financial health. Overall, University Prep Inc stands out as a well-managed nonprofit that prioritizes accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is University Prep Inc legitimate?
University Prep Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. University Prep Inc 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: $101,444
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,051,189
For more financial information, click here
What is the mission statement of University Prep Inc?
University Prep Inc's mission is centered around preparing every child for a four-year college degree and a prosperous future. Their two elementary schools, catering to students from kindergarten to fifth grade, operate as tuition-free public charter schools. The institution incorporates a college culture within its classrooms and organizes annual college campus visits, keeping the path to higher education at the forefront for each scholar. University Prep's educational approach focuses on building a strong foundation of skills, knowledge, and character, ensuring that every student is well-equipped for a successful college journey and a fulfilling life ahead.
Who is the CEO of University Prep Inc?
Antonio Pacifico is the Principal Officer of University Prep Inc.
What is the revenue of University Prep Inc?
University Prep Inc's revenue in 2022 was $5,301,698.
Who are the executives of University Prep Inc and what are their salaries?
The average compensation at University Prep Inc during 2022 was $35,877. There are 60 employees and 100 volunteers at University Prep Inc.
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- Compensation: $101,444
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Where can I find the form 990 for University Prep Inc?
University Prep Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of University Prep Inc
University Prep Inc, a tuition-free public charter school organization, has a straightforward and ambitious mission. Located in Northeast Denver, their elementary schools cater to kindergarten to fifth-grade students. The mission of University Prep is to equip every child with the skills, knowledge, and character needed to pursue a four-year college degree and lead a life of opportunities. They integrate elements of college culture into their classrooms and organize annual college campus visits, ensuring that each scholar is set on the path to higher education from a young age. The organization aims to build a solid foundation for its scholars, preparing them for college and a fulfilling future.
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Impact
October, 2024
University Prep Inc significantly impacts the educational landscape in Northeast Denver by providing tuition-free public charter schools for children in grades K-5. With a clear mission focused on preparing every student for a four-year college degree, University Prep integrates elements of college culture right from the start of a child's educational journey. Each classroom is designed to foster a sense of aspiration and accountability, boosting students' confidence and ambition.
The schools not only emphasize academic excellence but also build essential skills, knowledge, and character traits necessary for lifelong success. Through experiences like annual college campus visits and a dedicated curriculum, students develop a mindset geared towards higher education and future opportunities. As a result, University Prep plays a crucial role in shaping a generation of scholars who are prepared for the challenges of college and beyond, making a lasting difference in their lives and communities.
This information is meant to be a general summary of University Prep Inc. 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: $1,473
- Program Service Revenue: $5,099,363
- Gross Receipts: $5,301,698
Assets and Liabilities:
- Total Assets: $2,768,393
- Total Liabilities: $1,731,202
- Net Assets: $1,037,191
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
611110
Revenue
$2,903,516
611600
Revenue
$1,257,811
611110
Revenue
$807,429
611600
Revenue
$130,607
Organization Details
Founding Year
2009
Principal Officer
Antonio Pacifico
Main Address
2409 ARAPAHOE ST, DENVER, CO, 802052614
NTEE Category
Code: B29 - Education
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