Shorecrest Preparatory School Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported loans to or from officers, directors or other insiders.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
A COLLEGE PREPARATORY SCHOOL THAT EDUCATES A DIVERSE COMMUNITY OF STUDENTS TO BECOME LIFELONG LEARNERS IN THE PURSUIT OF PERSONAL AND ACADEMIC EXCELLENCE, PHYSICAL WELL-BEING, CREATIVE ACHIEVEMENT AND THE DEVELOPMENT OF A COMMITMENT TO SOCIAL RESPONSIBILITY.
- Income
- $39.0 million
- Spending
- $35.8 million
- Spent on programs
- 85%
- Reserves
- 5.9 months of spending
- Largest source of income
- fees for its services, 87%
- Employees
- 341
- Volunteers
- 100
- Highest pay
- $443,250, head of school
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 75 out of 100. Higher than 67% of charities in its peer group (education, $10m to $100m).
Reserves
20 of 35Spendable reserves would cover 5.9 months of spending.
Debt
10 of 20It owes 41% of what it owns.
Living within its means
15 of 15Income exceeded spending by 8% of income.
Income trend
15 of 15Income rose 4% on the year before.
Spending floor
15 of 1585% of spending went to programs and raising each dollar of donations cost 26 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 80 out of 100. Higher than 11% of charities in its peer group (education, $10m to $100m).
Independent board
25 of 2521 of 21 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a 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.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, loans to insiders.
Source: Form 990 for the year ending June 30, 2025, 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 (1)
- $30.6 million spent. SHORECREST PREPARATORY SCHOOL EDUCATED 1,021 STUDENTS FROM PK3 THROUGH 12TH GRADE DURING THE 2024-2025 SCHOOL YEAR. THE 87 GRADUATES OF THE CLASS OF 2025 COLLECTIVELY CONTRIBUTED OVER 12,000 HOURS OF SERVICE TO THE COMMUNITY DURING THEIR TENURE AND WENT ON TO ATTEND AN IMPRESSIVE SELECTION OF COLLEGES AND UNIVERSITIES. THE YEAR BEGAN WITH THE COMPLETION OF THE CENTENNIAL STADIUM PROJECT, A NEW MULTI-SPORT TURF FIELD TO SUPPORT FOOTBALL, SOCCER, TRACK, AND THE ADDITION OF BOTH BOYS AND GIRLS LACROSSE. IN EARLY FALL, THE REGION WAS CHALLENGED BY BACK-TO-BACK HURRICANES. IN RESPONSE, THE SHORECREST COMMUNITY ESTABLISHED A DISASTER RELIEF FUND FOR IMPACTED FACULTY AND STAFF, DEMONSTRATING THE REMARKABLE RESILIENCE THAT DEFINES THE SCHOOL.ACADEMIC INNOVATION FLOURISHED WITH THE (CONTINUED ON SCHEDULE O) EXPANSION OF THE ROSS ROEDER INSTITUTE FOR FINANCIAL LITERACY, ENTREPRENEURSHIP AND ECONOMICS TO INCLUDE THE WARREN WORKSHOP, WHERE STUDENTS LEARN DIRECTLY FROM BUSINESS LEADERS. IN THE SPRING, THE 2025 SHORECREST GALA MADE HISTORY BY MARKING THE ESTABLISHMENT OF THE SCHOOL'S FIRST-EVER GENERAL ENDOWMENT. THE FUND, LAUNCHED THROUGH DONOR GIFTS TOTALING MORE THAN $2 MILLION, IS DESIGNED TO PROVIDE A PERMANENT, PREDICTABLE FUNDING STREAM THAT WILL SUPPORT INNOVATIVE EDUCATIONAL INITIATIVES AND OPPORTUNITIES FOR GENERATIONS TO COME.
Source: Form 990 for the year ending June 30, 2025, 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 October 13, 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 October 13, 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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1975.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 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 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.