Community Partnership School is committed to serving our community in a fiscally responsible manner. Without the support of generous partners, CPS could not do the important work to further our mission. The following financial information is an overview of CPS’ commitment to financial responsibility and transparency.
Community Partnership School (CPS) is committed to protecting the privacy of all who make financial and in-kind contributions to the School. We do not sell, share or trade donors’ names or personal information. This includes all of our donors from any resource, including, but not limited to, online, offline, in-kind and special events. When collecting information from donors, we maintain the following:
- Contact information including name, organization/company, mailing address, phone number, email address
- Donation information including donated item(s), item value(s), date of donation(s), method and stimulus
- Hours volunteered
- Specific donor requests and comments
- Non-personally identifiable information such as number of website page hits and whether a visitor is repeat or new.
How Information is Used
CPS only uses donor data to maintain records of donations, send acknowledgements, mail year-end tax statements, forward newsletters, notices and direct mail pieces, and for internal marketing purposes. We add all contributors to our internal mailing list, unless a request not to do so is made. Any third-party mailing service we contract is obligated to treat CPS’ mailing list with confidentiality and prohibited from transferring elsewhere. Individual, corporate and foundation contributors are noted in our Annual Report and event programs.
CPS 2018 Form 990 FAQs
CPS provides a substantial amount of financial assistance for families. The amount of tuition and fees shown on the 990 represents the gross tuition amount for all of the students before financial assistance. Also note the substantial amount of assistance shown under expenses. The net of tuition and fees less assistance indicates the amount that families pay. In 2017, the net tuition was 2% of our total revenue.
Why did the liabilities of the School increase substantially?
The majority of the liabilities represent the School’s portion of debt incurred to finance our new building, which was done under the mechanisms of a New Market Tax Credit structure that provides CPS with a cost-effective and long term financing mechanism.
Why did the amount of contributions decline?
In March 2019, the School completed construction of a new building, a process that began in our prior fiscal year, 2016/2017. To fund the new building, we initiated a capital campaign in 2016/2017 that brought in significant contributions during that year as part of our financing structure. As the new building has come into fruition, the amount raised as part of the capital campaign has decreased, and we continue to raise funds to further increase our operating reserves and endowment.