Nonprofit · EIN 88-0766982
LORAIN PREPARATORY HIGH SCHOOL INC
Tax-exempt · LORAIN, OH 44055
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,675,345 | $2,011,794 | -$336,449 | $1,079,365 | $1,864,153 | -$784,788 |
| June 30, 2024 | 990 | $1,810,415 | $1,974,900 | -$164,485 | $1,063,970 | $1,512,309 | -$448,339 |
| June 30, 2023 | 990 | $1,050,319 | $1,334,173 | -$283,854 | $372,669 | $656,523 | -$283,854 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,675,345
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $620,662
- Salaries, compensation and benefits (total)
- $915,557
- Professional fundraising fees
- $0
- Legal fees
- $47,000
- Accounting fees
- $30,181
- Occupancy
- $260,361
- Depreciation
- $106,005
- Program services (functional)
- $2,011,794
Balance sheet and other
- Total assets, start of year
- $1,063,970
- Total assets, end of year
- $1,079,365
- Total liabilities, end of year
- $1,864,153
- Net assets, end of year
- -$784,788
- Land, buildings and equipment
- $149,934
- Net assets without donor restrictions
- -$784,788
- Gross receipts
- $1,675,345
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2022
- State of legal domicile
- OH
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 |
|---|---|---|---|
| David Arredondo | Board Member Trustee or director | 1 | $1,125 |
| Marcello Torres | Board Member Trustee or director | 1 | $1,000 |
| Rudolph Todd Kubasak | Board Member Trustee or director | 1 | $1,000 |
| Kimberly Bartlett | Board Member Trustee or director | 1 | $1,000 |
| Terrance Bivins | Board Member Trustee or director | 1 | $875 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcello Torres | Board Member Trustee or director | 1 | $875 |
| Rudolph Todd Kubasak | Board Member Trustee or director | 1 | $875 |
| David Arredondo | Board Member Trustee or director | 1 | $875 |
| Terrance Bivins | Board Member Trustee or director | 1 | $875 |
| Kimberly Bartlett | Board Member Trustee or director | 1 | $750 |
| Anthony Alto | Board Member Trustee or director | 1 | $375 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marcello Torres | Board Member Trustee or director | 1 | $1,250 |
| Rudolph Todd Kubasak | Board Member Trustee or director | 1 | $1,250 |
| David Arredondo | Board Member Trustee or director | 1 | $1,125 |
| Terrance Bivins | Board Member Trustee or director | 1 | $1,125 |
| Kimberly Bartlett | Board Member Trustee or director | 1 | $875 |
Address and contacts
- Address (IRS master file)
- 2702 ELYRIA AVE, LORAIN, OH 44055-1337
- In care of
- % BOARD OF DIRECTORS
- Principal officer (990 for 2024)
- C David Massa, 1030 N Main Street, North Canton, OH 44720
- Signed the 990
- C David Massa, Treasurer
- Phone
- (440) 201-3876
- Website
- https://lorainprephs.org
Mission
LPHS is a public charter high school serving the Lorain community. We are an extension of the safe, accredited, and academically strong school system offered by ACCEL Schools' K-8 programs in Lorain and Elyria.
Program accomplishments
- At Lorain Preparatory High School, we provide a standards-based curriculum that teaches students skills for college and career readiness. Our curriculum is built on the Ohio Learning Standards (OLS) for English Language Arts, Mathematics, Science, Social Studies, Visual Arts, and Physical Education. We are a learning community that values high expectations for both academics and behavior. We are accredited by CogniaTM for meeting the highest standards of education in ongoing third-party review and support students with small class sizes and the extra attention and services they need to succeed in school.Expenses $2,011,794 · grants $278,701 · revenue $1,675,345
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
- 88-0766982
- 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
- 2023
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B29)
- Assets (IRS master file)
- $1,079,365
- Income (IRS master file)
- $1,675,345
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,675,345 | $2,011,794 | $1,079,365 | IRS |
| 990 | June 2024 | $1,810,415 | $1,974,900 | $1,063,970 | IRS |
| 990 | June 2023 | $1,050,319 | $1,334,173 | $372,669 | XML |
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 88-0766982).
Questions about LORAIN PREPARATORY HIGH SCHOOL INC
- What is the EIN of LORAIN PREPARATORY HIGH SCHOOL INC?
- The employer identification number (EIN) of LORAIN PREPARATORY HIGH SCHOOL INC is 88-0766982.
- Is LORAIN PREPARATORY HIGH SCHOOL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to LORAIN PREPARATORY HIGH SCHOOL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LORAIN PREPARATORY HIGH SCHOOL INC 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 LORAIN PREPARATORY HIGH SCHOOL INC 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 LORAIN PREPARATORY HIGH SCHOOL INC 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 LORAIN PREPARATORY HIGH SCHOOL INC?
- The 990 for the year ended June 30, 2025 names C David Massa.
- Who are the officers and directors of LORAIN PREPARATORY HIGH SCHOOL INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 5 received compensation from the organization, the highest $1,125 (David Arredondo, Board Member).
- How much revenue does LORAIN PREPARATORY HIGH SCHOOL INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,675,345, expenses of $2,011,794 and total assets of $1,079,365 at year end.
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