Nonprofit · EIN 47-3943780
SCHOLARSHIP PREP
Tax-exempt · SANTA ANA, CA 92706
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $34,994,766 | $34,910,646 | $84,120 | $63,658,013 | $51,400,353 | $12,257,660 |
| June 30, 2024 | 990 | $36,138,803 | $34,457,726 | $1,681,077 | $62,743,534 | $50,599,329 | $12,144,205 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $34,420,988
- of which government grants
- $34,185,513
- Program service revenue
- $0
- Investment income
- $573,678
- Net gain from sales of assets
- $192,306
- Other revenue
- $100
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,043,657
- Other salaries and wages
- $12,809,795
- Salaries, compensation and benefits (total)
- $18,780,532
- Professional fundraising fees
- $0
- Legal fees
- $176,396
- Accounting fees
- $94,371
- Occupancy
- $2,582,473
- Travel
- $102,213
- Depreciation
- $1,040,583
- Program services (functional)
- $27,102,094
- Management and general (functional)
- $7,808,552
Balance sheet and other
- Total assets, start of year
- $62,743,534
- Total assets, end of year
- $63,658,013
- Total liabilities, end of year
- $51,400,353
- Net assets, end of year
- $12,257,660
- Land, buildings and equipment
- $35,397,002
- Publicly traded securities
- $3,964,717
- Net assets without donor restrictions
- $12,221,736
- Net assets with donor restrictions
- $35,924
- Gross receipts
- $41,067,154
- Employees
- 323
- Volunteers
- 432
- Year formed
- 2015
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON WATTS | CO-FOUNDER & EXECUTIVE DIR Officer | 40 | $257,930 | $57,753 |
| ANDREW CROWE | DEPUTY DIRECTOR Key employee | 40 | $239,432 | $18,022 |
| SARAH SCHOENFELD-NAKAMOTO | CHIEF OPERATIONS OFFICER Key employee | 40 | $196,157 | $38,016 |
| TAYLOR ELLIS | CHIEF ACADEMIC OFFICER Key employee | 40 | $181,846 | $17,296 |
| NICHOLAS SESSIONS | PRINCIPAL Highest-paid employee | 40 | $191,365 | $4,865 |
| DENISE ALLOTEY | PRINCIPAL Highest-paid employee | 40 | $161,681 | $22,849 |
| KRISTEN D CROWE | CHIEF COMMUNITY OFFICER Key employee | 40 | $175,563 | $7,133 |
| ALLISON VANN | PRINCIPAL Highest-paid employee | 40 | $175,741 | $1,552 |
| MELISSA MEYER | DIRECTOR OF CURRICULUM Highest-paid employee | 40 | $156,402 | $14,213 |
| ANARELY SEDANO | DIRECTOR OF SPED Highest-paid employee | 40 | $162,850 | $0 |
| DR CHARLES FRIEDRICHS | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JOHN ING | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| MARIBEL TOAN | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| PETER WATSON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| BARBARA GEORGE | DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JASON WATTS | CO-FOUNDER & EXECUTIVE DIR Officer | 40 | $229,662 | $63,568 |
| ANDREW CROWE | DEPUTY DIRECTOR Key employee | 40 | $203,481 | $50,317 |
| TAYLOR ELLIS | CHIEF ACADEMIC OFFICER Highest-paid employee | 40 | $145,134 | $43,099 |
| SARAH SCHOENFELD-NAKAMOTO | CHIEF OPERATIONS OFFICER Highest-paid employee | 40 | $133,667 | $41,519 |
| KRISTEN D CROWE | CHIEF COMMUNITY OFFICER Highest-paid employee | 40 | $140,373 | $33,694 |
| DENNISE ALLOTEY | PRINCIPAL Highest-paid employee | 40 | $122,272 | $38,293 |
| LLESENIA VILLALOBOS GONZALEZ | PRINCIPAL ON ASSIGNMENT Highest-paid employee | 40 | $117,548 | $34,161 |
| DR CHARLES FRIEDRICHS | PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| JOHN ING | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| MARIBEL TOAN | SECRETARY Trustee or director, Officer | 3 | $0 | $0 |
| PETER WATSON | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| BARBARA GEORGE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1010 W 17TH ST, SANTA ANA, CA 92706-3504
- Principal officer (990 for 2024)
- JASON WATTS, 1010 W 17TH STREET, SANTA ANA, CA 92706
- Signed the 990
- JASON WATTS, EXECUTIVE DIRECTOR
- Phone
- (714) 795-3498
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 47-3943780 or by the name SCHOLARSHIP PREP.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO PROVIDE A UNIVERSITY-INSPIRED PATHWAY OF SUCCESS WHILE CLOSING THE ACHIEVEMENT GAP FOR ALL STUDENTS, INCLUDING FOSTER YOUTH AND THOSE UNDERSERVED.
Program accomplishments
- OPERATING THREE PUBLIC CHARTER SCHOOLS SERVING ABOUT 1,662 STUDENTS FROM TK THROUGH 8TH GRADE FOR 179-180 INSTRUCTIONAL DAYS.Expenses $27,102,094
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 47-3943780
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B24)
- Assets (IRS master file)
- $63,658,013
- Income (IRS master file)
- $41,067,154
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $34,994,766 | $34,910,646 | $63,658,013 | IRS |
| 990 | June 2024 | $36,138,803 | $34,457,726 | $62,743,534 | IRS |
| 990 | June 2023 | $31,429,654 | $29,657,085 | $63,059,972 | IRS |
| 990 | June 2022 | $21,948,648 | $20,077,338 | $31,495,275 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 47-3943780).
Questions about SCHOLARSHIP PREP
- What is the EIN of SCHOLARSHIP PREP?
- The employer identification number (EIN) of SCHOLARSHIP PREP is 47-3943780.
- Is SCHOLARSHIP PREP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to SCHOLARSHIP PREP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SCHOLARSHIP PREP 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 SCHOLARSHIP PREP 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 SCHOLARSHIP PREP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of SCHOLARSHIP PREP?
- The 990 for the year ended June 30, 2025 names JASON WATTS.
- Who are the officers and directors of SCHOLARSHIP PREP?
- The 990 for the year ended June 30, 2025 lists 15 people; 10 received compensation from the organization, the highest $257,930 (JASON WATTS, CO-FOUNDER & EXECUTIVE DIR).
- How much revenue does SCHOLARSHIP PREP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $34,994,766, expenses of $34,910,646 and total assets of $63,658,013 at year end.
Other nonprofits in SANTA ANA
- T H I N K EDUCATION EIN 33-0781751 · last filed 990 for 2025
- ORANGE COUNTY HEAD START EIN 95-3411088 · last filed 990 for 2025
- ORANGE COUNTY SCHOOL OF THE ARTS EIN 33-0891574 · last filed 990 for 2025
- CALIFORNIA SCHOOL OF THE ARTS SAN GABRIEL VALLEY EIN 81-3919990 · last filed 990 for 2025
- SAMUELI ACADEMY EIN 45-3866750 · last filed 990 for 2025
- ORANGE COUNTY ELEMENTARY ARTS ACADEMY EIN 55-0874759 · last filed 990 for 2025
- CRISTO REY ORANGE COUNTY HIGH SCHOOL INC EIN 84-3879474 · last filed 990 for 2025
- NOVA ACADEMY EIN 32-0079174 · last filed 990 for 2025