2024-04-19T08:11:53-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 2210 EAST ROUTE 66 GLENDORA CA 91740 990 2022-07-01 263881506 STEM PREPARATORY SCHOOLS STEM 3237950695 3200 W ADAMS BLVD LOS ANGELES CA 90018 EMILIO PACK CEO 3237950695 2024-04-17 1 EMILIO PACK 999009999 0 MARLEN GOMEZ P01306775 6268577300 2024-04-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EMILIO PACK 3200 W ADAMS BLVD LOS ANGELES CA 90018 24793242 0 X WWW.STEM-PREP.ORG X 2008 CA THE MISSION OF STEM PREP SCHOOLS IS TO OPERATE A SMALL NETWORK OF HIGH PERFORMING SCHOOLS, IN A TARGETED AREA OF LOS ANGELES AND DEVELOP 5TH 12TH GRADE SCHOLARS INTO SUCCESSFUL COLLEGE GRADUATES AND PROFESSIONALS, THROUGH EQUAL ACCESS AND INSPIRATION, RIGOROUS CURRICULUM, AND A COMMITMENT TO OUR CORE VALUES. 5 5 300 25 0 0 23603243 24757697 0 0 5763 32812 4711 2733 23613717 24793242 14500 15000 0 0 14273712 16437199 0 0 2220 7192801 8159131 21481013 24611330 2132704 181912 18303019 37762853 2764716 22042638 15538303 15720215 X THE MISSION OF STEM PREPARATORY SCHOOLS IS TO OPERATE A SMALL NETWORK OF HIGH PERFORMING SCHOOLS, IN A TARGETED AREA OF LOS ANGELES AND TO DEVELOP TK THROUGH 12TH GRADE SCHOLARS INTO SUCCESSFUL COLLEGE GRADUATES AND PROFESSIONALS, THROUGH EQUAL ACCESS AND INSPIRATION, RIGOROUS CURRICULUM, AND A COMMITMENT TO OUR CORE VALUES. 0 0 19857971 15000 STEM PREPARATORY SCHOOLS OPERATES 3 PUBLIC CHARTER SCHOOLS. DURING THE YEAR ENDED JUNE 30, 2023 STEM PREPARATORY ELEMENTARY SCHOOL SERVED APPROXIMATELY 338 STUDENTS IN GRADES TK-5TH, CROWN PREPARATORY ACADEMY SERVED APPROXIMATELY 429 STUDENTS IN GRADES 5TH-8TH, AND MATH AND SCIENCE COLLEGE PREPARATORY SCHOOL SERVED APPROXIMATELY 530 STUDENTS IN GRADES 9TH-12TH. THE SCHOOLS PROVIDED STUDENTS INSTRUCTION FOR 182 DAYS. 19857971 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 28 0 1 300 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CA X ERIC BARLOW 3237950695 3200 W ADAMS BLVD LOS ANGELES CA 90018 EMILIO PACK CEO 40.00 X 278435 0 59560 JANETTE RODRIGUEZ-PACK CAO 40.00 X 165312 0 36765 ERIC BARLOW COO 40.00 X 130104 0 17560 GILLIANE HOLT PRINCIPAL 40.00 X 116043 0 27399 DANIEL MORENO PRINCIPAL 40.00 X 105552 0 34474 MARIA AVANCENA PRINCIPAL 40.00 X 101803 0 20358 CARMEN VAZQUEZ CHAIR 0.50 X X 0 0 0 NIK ORLANDO CHAIR (TERM END 5/11/22 ) 0.50 X X 0 0 0 ANDREW KUBASEK TREASURER 0.50 X X 0 0 0 DALE HENRY BOARD MEMBER 0.50 X 0 0 0 DESMOND LOVELL BOARD MEMBER 0.50 X 0 0 0 BRAD ZUTAUT BOARD MEMBER 0.50 X 0 0 0 897249 0 196116 8 0 1 0 0 24317332 440365 24757697 32812 32812 OTHER REVENUE 900099 2733 2733 2733 24793242 0 0 35545 X 15000 15000 498834 9977 488857 12453782 10630951 1822831 1719533 1679520 40013 1282122 1032689 249433 482928 315995 166933 35000 35000 40046 40046 2799910 2146822 653088 81115 81115 612431 241724 370707 86025 86025 1516623 1283865 232758 80644 80644 7066 -33349 40415 138398 138398 271598 271598 NUTRITION PROGRAM FOOD 725323 725323 INSTRUCTIONAL MATERIALS 557871 557871 OTHER EXPENSES 419315 244775 172320 2220 NONCAPITALIZED EQUIPMEN 338145 338145 449621 449621 24611330 19857971 4751139 2220 8964654 14130153 353661 4842628 3553913 576262 576262 340968 327716 3439013 879454 2586865 2559559 991642 16261589 18303019 37762853 968980 1950400 1733242 4779019 62494 0 0 15313219 2764716 22042638 X 15063294 15515280 475009 204935 15538303 15720215 18303019 37762853 181912 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 476706 98991 377715 83783 10581 73202 894446 643996 250450 1984078 125886 1858192 2559559 INTERCOMPANY RECEIVABLES 33349 CAPITAL CONTRIBUTION 845515 DEPOSITS 58505 OPERATING ROU ASSET 15324220 16261589 OPERATING LEASE LIABILITY 15313219 15313219 X 24793242 0 24793242 0 24793242 24611330 0 24611330 0 24611330 PART X, LINE 2: STEM PREP IS ORGANIZED AS A CALIFORNIA NONPROFIT CORPORATION AND HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE IRC AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3), AND QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A)(VI). IT IS ALSO EXEMPT FROM STATE FRANCHISE AND INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE. STEM PREP IS ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, STEM PREP IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. STEM PREP DETERMINED THAT IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990T) WITH THE IRS. MANAGEMENT BELIEVES THAT STEM PREP HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. STEM PREP WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. 1 1 1 1 0 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 NONDISCRIMNATORY POLICY INCLUDED IN ALL ADVERTISEMENTS, ENROLLMENT MATERIALS AND CHARTER BY-LAWS. SCHEDULE E, PART I, LINE 4 AS A PUBLIC CHARTER SCHOOL, THE SCHOOL DOES NOT PROVIDE SCHOLARSHIPS OR FINANCIAL AID. SCHEDULE E, PART I, LINE 6 THE ORGANIZATION OPERATES CHARTER SCHOOLS, WHICH ARE PRINCIPALLY FUNDED BY CALIFORNIA AND FEDERAL MONIES RECEIVED THROUGH THE CALIFORNIA DEPARTMENT OF EDUCATION. 1 GRANTS ARE MADE TO STUDENTS FOR POST-GRADUATION EDUCATIONAL EXPENSES 15 15000 PART I, LINE 2: ALL SCHOLARSHIP APPLICATIONS ARE REVIEWED ON A CASE-BY-CASE BASIS TO DETERMINE HOW A SCHOLARSHIP AWARD MAY HELP EACH STUDENT PREPARE FOR COLLEGE, COMPLETE THEIR PROGRAM, AND/OR BE COMPETITIVE FOR CAREERS IN STEM-RELATED FIELDS. THE AMOUNT OF EACH SCHOLARSHIP WILL BE DETERMINED BY THE SELECTION COMMITTEE. THE MAXIMUM NUMBER OF SCHOLARSHIPS AWARDED EACH YEAR SHALL NOT EXCEED THE TOTAL AMOUNT FUNDRAISED BY STEM PREP FOR THIS PURPOSE. X X X 0 0 0 0 0 0 0 0 0 EMILIO PACK CEO 278435 0 0 0 0 0 50321 0 9239 0 337995 0 0 0 JANETTE RODRIGUEZ-PACK CAO 165312 0 0 0 0 0 30041 0 6724 0 202077 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY MANAGEMENT. ONCE A DRAFT OF THE RETURN IS AVAILABLE, IT IS REVIEWED BY MANAGEMENT, THE ORGANIZATION'S THIRD PARTY SERVICE PROVIDER AND THE BOARD OF DIRECTORS PRIOR TO SUBMITTING TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MONITORING IS PERFORMED REGULARLY BY THE OFFICERS TO IDENTIFY POTENTIAL CONFLICTS OF INTEREST. ANY QUESTION OF A CONFLICT IS ADDRESSED WITH THE INTERESTED PERSON, WHO IS REQUIRED TO DISCLOSE THE EXISTENCE OF ANY FINANCIAL INTEREST AND BE AFFORDED THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE BOARD AND EXECUTIVE DIRECTOR. IF A CONFLICT OF INTEREST IS IDENTIFIED, THE APPROPRIATE ACTION IS TAKEN, INCLUDING LIMITATIONS TO THE INDIVIDUAL'S INFLUENCE ON RELATED BUSINESS MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE OFFICERS AND KEY EMPLOYEES' PAY IS DETERMINE BASED ON DATA PROVIDED BY EXTERNAL CHARTER MANAGEMENT ORGANIZATIONS AND THROUGH COMPARISON STUDIES OF OTHER CHARTER SCHOOLS. THE BOARD MUST VOTE TO APPROVE THE OFFICERS AND KEY EMPLOYEES' COMPENSATION AS A DIRECT ACTION. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER FEES FOR SERVICES: PROGRAM SERVICE EXPENSES 139,291. MANAGEMENT AND GENERAL EXPENSES 653,088. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 792,379. SPECIAL EDUCATION SERVICES: PROGRAM SERVICE EXPENSES 686,778. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 686,778. AFTER SCHOOL SERVICES: PROGRAM SERVICE EXPENSES 757,454. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 757,454. CONTRACTED SUBSTITUTE TEACHERS: PROGRAM SERVICE EXPENSES 249,055. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 249,055. PD CONSULTANTS & TUITION: PROGRAM SERVICE EXPENSES 314,244. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 314,244. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM LAST YEAR. 3200 ADAMS HOLDING CORP 3200 W ADAMS BLVD LOS ANGELES CA 90018 371824287 PROPERTY HOLDING CA 501(C)(3) LINE 12A, I STEM PREPARATORY SCHOOLS 1 0 0 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 3200 ADAMS HOLDING CORP K 964024 ACTUAL AMOUNT 3200 ADAMS HOLDING CORP D 4413103 ACTUAL AMOUNT