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Education : Youth Education Programs and Services

BestPrep

40 Years of Inspiring, Educating, Connecting.

four stars

91.04

7100 Northland Circle N. Suite 120
Brooklyn Park, MN 55428
tel: (763) 398-0090   Web Site
EIN: 41-1265355

CEO
Bob Kaitz
President, CEO

  Score
(out of 100)
Rating
Overall Score & Rating 91.04 four stars
  Financial 87.33 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 07/01/2019 and includes data from FY2018, the most recent 990 received at that time.

BestPrep is a statewide nonprofit organization with a mission to prepare students with business, career, and financial literacy skills through hands-on experiences that inspire success in work and life. BestPrep's programs engage 4-12 grade students and their educators in active learning, while connecting them to the world outside the classroom. With the help of more than 4,000 professional volunteers each year, BestPrep bridges classroom curriculum and the business community, enriching the teaching and learning experience for students and educators.

BestPrep is a statewide nonprofit organization with a mission to prepare students with business, career, and financial literacy skills through hands-on experiences that inspire success in work and life. BestPrep's programs engage 4-12 grade students and their educators in active learning, while connecting them to the world outside the classroom. With the help of more than 4,000 professional volunteers each year, BestPrep bridges classroom curriculum and the business community, enriching the teaching and learning experience for students and educators.

Impact Information

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Financial

three stars

87.33

Accountability & Transparency

four stars

100.00

This rating was published 07/01/2019 and includes data from FY2018, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity's total expenses spent on the programs
and services it delivers)
81.8%
  Administrative Expenses 6.8%
  Fundraising Expenses 11.2%
  Fundraising Efficiency $0.09
  Working Capital Ratio (years) 0.70
  Program Expenses Growth 5.8%
  Liabilities to Assets 5.0%
All data for Financial Performance Metrics calculations was provided by BestPrep on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by BestPrep on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
BestPrep (MN) 91.04 four stars
College Track (CA) 96.15 four stars
Philadelphia Futures (PA) 95.47 four stars
Let's Get Ready (NY) 92.03 four stars
The TEAK Fellowship (NY) 90.53 four stars

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REVENUE  
Contributions  
   Contributions, Gifts & Grants $1,446,404
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $411,973
   Related Organizations $0
   Government Grants $0
Total Contributions $1,858,377
   Program Service Revenue $62,820
Total Primary Revenue $1,921,197
   Other Revenue $-214,935
TOTAL REVENUE $1,706,262
   
EXPENSES  
   Program Expenses $1,320,638
   Administrative Expenses $114,456
   Fundraising Expenses $175,624
TOTAL FUNCTIONAL EXPENSES $1,610,718
   
Payments to Affiliates $0
Excess (or Deficit) for the year $95,544
   
Net Assets $1,089,753

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
eMentors Program $282,360 21.4%
Minnesota Business Venture Program $463,458 35.1%
Cloud Coach $163,529 12.4%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2018-08 07/01/2019 91.04 four stars
2017-08 07/01/2018 87.56 three stars
2016-08 08/01/2017 87.15 three stars
2015-08 07/01/2016 85.48 three stars
2014-08 06/01/2016 89.38 three stars
 
CN 2.0
2014-08 03/01/2016 88.87 three stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 41-1265355
Name in IRS Master File BESTPREP
NTEE Code [Not Provided by IRS]
NTEE Classification [Not Provided by IRS]
NTEE Type [Not Provided by IRS]
Classification Educational Organization
Subsection 501(c)(3)  (View the list of codes)
Activities (59) Other school related activities
(149) Other instruction and training
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date February, 1976
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End August
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • August, 2017
  • August, 2016
  • August, 2015
  • August, 2014
  • August, 2013
Compensation % of Expenses Paid to Title
$229,759 14.26% Robert H. Kaitz President, CEO

Highly Rated

Charity Name & State Overall Score Overall Rating
BestPrep (MN) 91.04 four stars
BELL (Building Educated Leaders for Life) (MA) 87.50 three stars
Citizen Schools (MA) 85.00 three stars
The TEAK Fellowship (NY) 90.53 four stars
Living Classrooms Foundation (MD) 89.33 three stars

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Charity Contact Info

BestPrep
7100 Northland Circle N.
Suite 120
Brooklyn Park, MN 55428
tel: (763) 398-0090
fax: (763) 398-0391
EIN: 41-1265355

Visit Web Site

CEO

Bob Kaitz
President, CEO

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