Claremont Prep Association Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO ENHANCE THE EDUCATIONAL EXPERIENCE FOR ALL STUDENTS OF THE SCHOOL THROUGH FINANCIAL ASSISTANCE, STUDENT ENRICHMENT, FACULTY AND STAFF PROFESSIONAL DEVELOPMENT, COMMUNITY BUILDING AND FACULTY ENHANCEMENT.
- Income
- $558,023
- Spending
- $352,001
- Spent on programs
- 51%
- Reserves
- 26.2 months of spending
- Largest source of income
- donations and private grants, 95%
- Employees
- 0
- Volunteers
- 25
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 74% of charities in its peer group (education, $250k to $1m).
Reserves
35 of 35Spendable reserves would cover 26.2 months of spending.
Debt
20 of 20It owes 5% of what it owns.
Living within its means
15 of 15Income exceeded spending by 37% of income.
Income trend
15 of 15Income rose 236% on the year before.
Spending floor
8 of 1551% of spending went to programs and raising each dollar of donations cost 29 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 64 out of 100. Higher than 42% of charities in its peer group (education, $250k to $1m).
Independent board
25 of 2512 of 12 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (2)
- $165,098 spent. ANNUAL DUES SUBSIDIZES ADMISSIONS FEES AND COSTS FOR EVENTS THROUGHOUT THE YEAR IN THE LOWER & UPPER SCHOOL WELCOME BACK EVENTS, TRIVIA NIGHT, BOOK FAIR, INTERNATIONAL FESTIVAL, PARENTS VS. FACULTY BASKETBALL GAME.DIRECT CONTRIBUTION TO CLASSROOM IN THE LOWER SCHOOL OR CHILD'S GRADE IN THE UPPER SCHOOL. CLASS PROJECTS, CLASS, TEACHER AND PARENT CELEBRATIONS, HOLIDAY CELEBRATIONS, SPEAKERS ARE EXAMPLES.FACULTY AND STAFF ENRICHMENT : RECOGNITION GIFT FOR OUR ENTIRE STAFF WHO IMPACT OUR CHILDREN AND COMMUNITY DAILY.
- $15,872 spent. LCA FOUNDATION STUDENT ENRICHMENT: STUDENTS RECEIVING FINANCIAL AID BY THE SCHOOL MAY SUBMIT FOR REIMBURSEMENT TO THE EXTENT OF THEIR PERCENTAGE OF AID FOR A LEMAN PLUS CLASS (ONE TRIMESTER PER ANNUM), LEMAN CONSERVATORY LESSON (50%, TO THE EXTENT OF AID FOR ENTIRE YEAR) AND ALL SCHOOL CLASS TRIPS.COMMUNITY SERVICE: TO DELIVER OPPORTUNITIES FOR LEMAN FAMILIES TO SERVE THE WIDER COMMUNITY. CHARITABLE EVENTS THAT ARE GEARED TOWARDS CHILDREN AND PARENTS COLLECTIVELY COMING TOGETHER WITH FACULTY AND STAFF OF LEMAN TO PROVIDE ASSISTANCE TO THOSE IN NEED. EVENTS THAT BRING THE LEMAN COMMUNITY TOGETHER SERVING THE BROADER COMMUNITY HAVE BECOME VERY POPULAR AND A WONDERFUL HANDS ON EXERCISE FOR EDUCATION YOUNG MINDS TO BECOMING GLOBAL CITIZENS. EVENTS INCLUDE; NYC KIDS PROJECT, RISE FOR HUNGER, GUEST SPEAKER EVENTS FOR STUDENTS.SARAH MCMICKLE SUMMER SCHOLARSHIP: A MERIT-BASED TUITION REIMBURSEMENT FOR HIGH SCHOOL STUDENTS WHO PURSUE SUMMER COURSES AT COLLEGE/UNIVERSITY PROGRAMS.SUMMER SCHOLARSHIPS FOR RISING JUNIORS AND SENIORS IN GREAT STANDING AND FIELD OF INTEREST.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2006.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
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