Freedom Prep Charter School
Also known as Co Scott J Loeffler Cpa - Dissolution Trustee
Freedom Prep Charter School reported $19.9 million in revenue and $20.4 million in expenses for the fiscal year ending June 30, 2023. Of every $100 it spent, $66.96 went to program services, $33.04 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 73.5% of the total. Government grants made up 24.5%. The highest compensation it reported for one person was $228,771 (EXECUTIVE DIRECTOR). 5 people received more than $100,000 in reportable compensation. Revenue rose 26% between FY2020 and FY2023. Source: Form 990, FY2023.
Where $100 of spending went
The fiscal year ending June 30, 2023 · Form 990, Part IX, line 25 · total expenses $20MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2023 · Form 990, Part VIII · total revenue $20MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2023 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 67.0% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 33.0% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 24.5% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 24.5% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 73.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $228,771 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.12% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.1 | 13.3 |
| Independent voting board members Part VI 1a–1b | 6 of 6 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2023 · Form 990, Part III · the three largest programs by expenseFreedom Prep Charter School provided an exceptional alternative for students and families otherwise slated to attend schools that too often do not meet their needs. It embodied a refined no excuses approach. In addition to incorporating the traditional attributes that researchers have proven to be correlated with improved student learning outcomes - extended school days and years, rigorous college-prep academics, ongoing use of data to inform instructional decisions and resource allocation, consistent cultural and academic expectations, and exceptional talent at all levels, Freedom Prep…
Highest reported compensation
FY2023 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, key employee, highest compensated employee, 40.00 hrs/week | $224,101 | $0 | $4,670 | $228,771 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $149,003 | $0 | $5,765 | $154,768 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $148,459 | $0 | $3,037 | $151,496 |
| PRINCIPAL Highest compensated employee, 40.00 hrs/week | $124,778 | $0 | $0 | $124,778 |
| HR MANAGER Highest compensated employee, 40.00 hrs/week | $115,119 | $0 | $0 | $115,119 |
5 people received more than $100,000 in reportable compensation from Freedom Prep Charter School (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.5M (Part IX, line 5).
4 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2023 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b6 · 6 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5131
- Volunteers Part I, line 68
Largest outside contractors
FY2023 · Form 990, Part VII, Section B · businesses onlyIndividuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Freedom Prep Charter School's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Freedom Prep Charter School, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Freedom Prep Charter School spent in FY2023, $66.96 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Community School of DavidsonDavidson, NC · revenue $20M · programs 79.1% · FY2025
- Black Hills State University FoundationSpearfish, SD · revenue $20M · programs 88.2% · 2024
- Boys Latin of Philadelphia Charter SchooPhiladelphia, PA · revenue $20M · programs 78.8% · FY2025
- The Ohio State University Alumni AssociationColumbus, OH · revenue $20M · programs 59.8% · FY2025
- Leman Classical SchoolParker, CO · revenue $20M · programs 84.3% · FY2025
Questions people ask
How much of Freedom Prep Charter School's spending goes to programs?
In the fiscal year ending June 30, 2023, Freedom Prep Charter School reported that 67.0% of its $20.4 million in expenses went to program services, 33.0% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Freedom Prep Charter School pay its top executive?
The largest total compensation Freedom Prep Charter School reported for one person in the fiscal year ending June 30, 2023 was $228,771, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Freedom Prep Charter School get its money?
Of $19.9 million in revenue in the fiscal year ending June 30, 2023, 24.5% came from contributions and grants (including 24.5% from government grants) and 73.5% from program service revenue (Form 990, Part VIII).
Is Freedom Prep Charter School a registered charity?
The IRS lists EIN 20-0683866 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410879349300101 · read the filing · XML
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202341359349318829 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231339349305088 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202141289349300004 · read the filing
All filings for EIN 20-0683866: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.