Civic Intelligence

Heritage Preparatory Academy Inc

EIN 26-1613073 • 501(c)3

569 Martin Luther King Jr Drive30314
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

98th percentile

2.10x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2013

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2013

Top Officer Pay

Score unavailable

No value available

No filing with officer or executive compensation is available for this organization yet.

Asset Growth

3rd percentile

-58%

Faster asset growth than 3% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets98th percentile

Assets

Down

$176,447

Down $243,558 (-58%) from 2012

Liabilities

Down

$370,813

Down $3,550 (-0.9%) from 2012

Net Assets

Down

-$194,366

Down $240,008 (-526%) from 2012

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$2,053,472

Up $379,175 (+23%) from 2012

Net Income

-

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset Growth3rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600K$400K$200K$0-$200KAssets 2012: $420,005Liabilities 2012: $374,363Net Assets 2012: $45,6422012Assets 2013: $176,447Liabilities 2013: $370,813Net Assets 2013: -$194,3662013

Highlighted filing

2013

Assets$176,447
Liabilities$370,813
Net Assets-$194,366
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2012: $1,674,2972012Expenses 2013: $2,053,4722013

Highlighted filing

2013

Revenue-
Expenses$2,053,472
Net Income-
Open 2013 Filing

Filings

Most recent year

2013 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$176,447
Liabilities
$370,813
Net assets
-$194,366
Revenue
-
Expenses
$2,053,472
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.18$0.37$0.19$2.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.37$0.05$1.67
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
May 13, 2014
Return Version
2012v2.1
Gross Receipts
$1,902,607
Filing and Contact Details

Filer

EIN
26-1613073
Raw XML AppendixShowing 400 of 419 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReview00
IRS990/AccountsPayableAccruedExpenses/BOY0374363
IRS990/AccountsPayableAccruedExpenses/EOY0328023
IRS990/AccountsReceivable/BOY01755
IRS990/AccountsReceivable/EOY09819
IRS990/ActivitiesConductedPartnership00
IRS990/ActivityOrMissionDescription0The Heritage Preparatory Academy serves the needs of middle school students in Atlanta neighborhoods with high crime rates. The school offers its students a challenging, globally relevant academic program in a community-building environment meant to counteract the negative influences of drugs, gangs, violence and crime.
IRS990/AddressChange0X
IRS990/AddressPrincipalOfficerUS/AddressLine10569 Martin Luther King Jr Drive
IRS990/AddressPrincipalOfficerUS/City0Atlanta
IRS990/AddressPrincipalOfficerUS/State0GA
IRS990/AddressPrincipalOfficerUS/ZIPCode030314
IRS990/AllOtherContributions08266
IRS990/AllOtherExpenses/ManagementAndGeneral027180
IRS990/AllOtherExpenses/ProgramServices058331
IRS990/AllOtherExpenses/Total085511
IRS990/AnnualDisclosureCoveredPersons01
IRS990/AuditCommittee01
IRS990/BenefitsPaidToMembersCY00
IRS990/BenefitsPaidToMembersPriorYear00
IRS990/BsnssRltnshpThruFamilyMember00
IRS990/BsnssRltnshpWithOrganization00
IRS990/CapStckTrstPrinCurrentFunds/BOY0-238290
IRS990/CapStckTrstPrinCurrentFunds/EOY0-258125
IRS990/CashNonInterestBearing/BOY0134318
IRS990/CashNonInterestBearing/EOY081428
IRS990/ChangesToOrganizingDocs00
IRS990/CollectionsOfArt00
IRS990/CompCurrentOfficersDirectors/ManagementAndGeneral084750
IRS990/CompCurrentOfficersDirectors/Total084750
IRS990/CompensationFromOtherSources00
IRS990/CompensationProcessCEO01
IRS990/CompensationProcessOther01
IRS990/ConflictOfInterestPolicy01
IRS990/ConservationEasements00
IRS990/ConsolidatedAuditFinancialStmt00
IRS990/ContributionsGrantsCurrentYear08266
IRS990/ContributionsGrantsPriorYear012797
IRS990/CreditCounseling00
IRS990/DecisionsSubjectToApproval00
IRS990/DeductibleContributionsOfArt00
IRS990/DeductibleNonCashContributions00
IRS990/DeferredRevenue/EOY026349
IRS990/DelegationOfManagementDuties00
IRS990/DepreciationDepletion/ManagementAndGeneral0665
IRS990/DepreciationDepletion/ProgramServices015961
IRS990/DepreciationDepletion/Total016626
IRS990/DescribedIn501C301
IRS990/Description0Instruction - The Academy's instructional delivery model is based upon Expeditionary Learning (EL) combined with Debate Across the Curriculum (DAC). EL is based upon thematic, inquiry driven, and project-based learning expeditions while DAC utilizes public speaking, advocacy skills, critical thinking and designed controversy in order to engage students in topics of study. Together, these instructional practices allow students to measure their minds against one another in a child-centered, experiential, active learning environment while developing high levels of academic achievement and honing critical social and citizenship skills.
IRS990/DisregardedEntity00
IRS990/DocumentRetentionPolicy00
IRS990/DonorAdvisedFunds00
IRS990/DoNotFollowSFAS1170X
IRS990/ElectionOfBoardMembers00
IRS990/EmploymentTaxReturnsFiled01
IRS990/ExcessBenefitTransaction00
IRS990/Expense01157726
IRS990/FamilyOrBusinessRelationship00
IRS990/FederalGrantAuditPerformed01
IRS990/FederalGrantAuditRequired01
IRS990/FeesForServicesAccounting/ManagementAndGeneral055989
IRS990/FeesForServicesAccounting/Total055989
IRS990/FeesForServicesOther/ManagementAndGeneral030117
IRS990/FeesForServicesOther/Total030117
IRS990/ForeignActivities00
IRS990/ForeignFinancialAccount00
IRS990/ForeignOffice00
IRS990/Form8282PropertyDisposedOf00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek01.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek11.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek21.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek31.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek41.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek51.00
IRS990/Form990PartVIISectionA/AverageHoursPerWeek640.00
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector0X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector1X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector2X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector3X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector4X
IRS990/Form990PartVIISectionA/IndividualTrusteeOrDirector5X
IRS990/Form990PartVIISectionA/NamePerson0Kenn Baker
IRS990/Form990PartVIISectionA/NamePerson1Naomi Granger
IRS990/Form990PartVIISectionA/NamePerson2Christine Johns-Harris
IRS990/Form990PartVIISectionA/NamePerson3Will Ortiz
IRS990/Form990PartVIISectionA/NamePerson4Marc Pilgrim
IRS990/Form990PartVIISectionA/NamePerson5Andrea Seward
IRS990/Form990PartVIISectionA/NamePerson6Natilee Brown-Van
IRS990/Form990PartVIISectionA/Officer0X
IRS990/Form990PartVIISectionA/Officer1X
IRS990/Form990PartVIISectionA/OtherCompensation00
IRS990/Form990PartVIISectionA/OtherCompensation10
IRS990/Form990PartVIISectionA/OtherCompensation20
IRS990/Form990PartVIISectionA/OtherCompensation30
IRS990/Form990PartVIISectionA/OtherCompensation40
IRS990/Form990PartVIISectionA/OtherCompensation50
IRS990/Form990PartVIISectionA/OtherCompensation60
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization00
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization10
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization20
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization30
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization40
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization50
IRS990/Form990PartVIISectionA/ReportableCompFromOrganization690000
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs00
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs10
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs20
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs30
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs40
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs50
IRS990/Form990PartVIISectionA/ReportableCompFromRelatedOrgs60
IRS990/Form990PartVIISectionA/Title0Board Member
IRS990/Form990PartVIISectionA/Title1Treasurer
IRS990/Form990PartVIISectionA/Title2Board Member
IRS990/Form990PartVIISectionA/Title3Board Member
IRS990/Form990PartVIISectionA/Title4Board President
IRS990/Form990PartVIISectionA/Title5Board Member
IRS990/Form990PartVIISectionA/Title6Head of School
IRS990/Form990ProvidedToGoverningBody00
IRS990/FormersListed00
IRS990/FSAudited01
IRS990/FSAuditedBasis/FinancialStatementSeparate0X
IRS990/FundraisingActivities00
IRS990/FundsToPayPremiums00
IRS990/GainOrLoss/Other08222
IRS990/Gaming00
IRS990/GrantsAndSimilarAmntsCY00
IRS990/GrantsAndSimilarAmntsPriorYear00
IRS990/GrantsToIndividuals00
IRS990/GrantsToOrganizations00
IRS990/GrantToRelatedPerson00
IRS990/GrossAmountSalesAssets/Other08222
IRS990/GrossReceipts01902607
IRS990/GroupReturnForAffiliates00
IRS990/Hospital00
IRS990/IndependentAuditFinancialStmt01
IRS990/IndoorTanningServices00
IRS990/InfoInScheduleOPartIII0X
IRS990/InfoInScheduleOPartIX0X
IRS990/InfoInScheduleOPartVI0X
IRS990/InfoInScheduleOPartVIII0X
IRS990/InfoInScheduleOPartXI0X
IRS990/Insurance/ManagementAndGeneral03087
IRS990/Insurance/ProgramServices05095
IRS990/Insurance/Total08182
IRS990/InvestmentIncomeCurrentYear08222
IRS990/InvestmentIncomePriorYear00
IRS990/InvestmentInJointVenture00
IRS990/LandBldgEquipmentAccumDeprec012641
IRS990/LandBuildingsEquipmentBasis076400
IRS990/LandBuildingsEquipmentBasisNet/BOY0283932
IRS990/LandBuildingsEquipmentBasisNet/EOY063759
IRS990/LessCostOthBasisSalesExpenses/Other00
IRS990/LoanToOfficerOrDQP00
IRS990/LobbyingActivities00
IRS990/LocalChapters00
IRS990/MaterialDiversionOrMisuse00
IRS990/MembersOrStockholders00
IRS990/MethodOfAccountingAccrual0X
IRS990/MinutesOfCommittees01
IRS990/MinutesOfGoverningBody01
IRS990/MissionDescription0Heritage Preparatory Academy will provide an intellectually stimulating and socially engaging school culture in a carefully structured environment in which middle school students learn and develop into capable and socially conscious members of our local and global communities.
IRS990/MoreThan5000KToIndividuals00
IRS990/MoreThan5000KToOrganizations00
IRS990/MortNotesPyblSecuredInvestProp/EOY016441
IRS990/NameOfPrincipalOfficerPerson0Natilee Brown-Van
IRS990/NbrIndependentVotingMembers08
IRS990/NbrVotingGoverningBodyMembers08
IRS990/NbrVotingMembersGoverningBody08
IRS990/NetAssetsOrFundBalancesBOY045642
IRS990/NetAssetsOrFundBalancesEOY0-194366
IRS990/NetGainOrLossInvestments/ExclusionAmount08222
IRS990/NetGainOrLossInvestments/TotalRevenueColumn08222
IRS990/NetUnrelatedBusinessTxblIncome00
IRS990/NonDeductibleContributions00
IRS990/NumberFormsTransmittedWith1096016
IRS990/NumberIndependentVotingMembers08
IRS990/NumberIndividualsGT100K00
IRS990/NumberOfContractorsGT100K00
IRS990/NumberOfEmployees021
IRS990/NumberW2GIncluded00
IRS990/Occupancy/ManagementAndGeneral0254824
IRS990/Occupancy/Total0254824
IRS990/OfficerEntityWithBsnssRltnshp00
IRS990/OfficerMailingAddress00
IRS990/Organization501c30X
IRS990/OtherEmployeeBenefits/ManagementAndGeneral058114
IRS990/OtherEmployeeBenefits/ProgramServices095909
IRS990/OtherEmployeeBenefits/Total0154023
IRS990/OtherExpensePriorYear0925039
IRS990/OtherExpensesCurrentYear0827499
IRS990/OtherExpenses/Description0Supplies
IRS990/OtherExpenses/Description1Transposrtation Service
IRS990/OtherExpenses/Description2Food Services
IRS990/OtherExpenses/Description3Miscellaneous
IRS990/OtherExpenses/ManagementAndGeneral049609
IRS990/OtherExpenses/ManagementAndGeneral111710
IRS990/OtherExpenses/ProgramServices081875
IRS990/OtherExpenses/ProgramServices1108703
IRS990/OtherExpenses/ProgramServices296086
IRS990/OtherExpenses/ProgramServices328267
IRS990/OtherExpenses/Total0131484
IRS990/OtherExpenses/Total1108703
IRS990/OtherExpenses/Total296086
IRS990/OtherExpenses/Total339977
IRS990/OtherRevenueCurrentYear00
IRS990/OtherRevenuePriorYear00
IRS990/OtherSalariesAndWages/ManagementAndGeneral0266659
IRS990/OtherSalariesAndWages/ProgramServices0579959
IRS990/OtherSalariesAndWages/Total0846618
IRS990/PaidInCapSrplsLandBldgEqpFund/BOY0283932
IRS990/PaidInCapSrplsLandBldgEqpFund/EOY063759
IRS990/PartialLiquidation00
IRS990/PayrollTaxes/ManagementAndGeneral023063
IRS990/PayrollTaxes/ProgramServices038064
IRS990/PayrollTaxes/Total061127
IRS990/PensionPlanContributions/ManagementAndGeneral029979
IRS990/PensionPlanContributions/ProgramServices049476
IRS990/PensionPlanContributions/Total079455
IRS990/PoliticalActivities00
IRS990/PremiumsPaid00
IRS990/PrepaidExpensesDeferredCharges/EOY021441
IRS990/PriorExcessBenefitTransaction00
IRS990/ProfessionalFundraising00
IRS990/ProgramServiceRevenue/BusinessCode0900099
IRS990/ProgramServiceRevenue/BusinessCode1900099
IRS990/ProgramServiceRevenue/BusinessCode2722210
IRS990/ProgramServiceRevenueCY01886119
IRS990/ProgramServiceRevenue/Description0State and local grants
IRS990/ProgramServiceRevenue/Description1Federal grants
IRS990/ProgramServiceRevenue/Description2Meal revenue
IRS990/ProgramServiceRevenuePriorYear01561380
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome01296577
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome1568481
IRS990/ProgramServiceRevenue/RelatedOrExemptFunctionIncome221061
IRS990/ProgramServiceRevenue/TotalRevenueColumn01296577
IRS990/ProgramServiceRevenue/TotalRevenueColumn1568481
IRS990/ProgramServiceRevenue/TotalRevenueColumn221061
IRS990/ProhibitedTaxShelterTrans00
IRS990/QuidProQuoContributions00
IRS990/ReconcilationOtherChanges0-89143
IRS990/ReconcilationRevenueExpenses0-150865
IRS990/RegularMonitoringEnforcement01
IRS990/RelatedEntity00
IRS990/RelatedOrgControlledEntity00
IRS990/ReportFin48Footnote01
IRS990/ReportInvestOthSecurities00
IRS990/ReportLandBldgEquip01
IRS990/ReportOtherAssets00
IRS990/ReportOtherLiabilities00
IRS990/ReportProgRelInvest00
IRS990/RetainedEarningsEndowmentEtc/BOY00
IRS990/RetainedEarningsEndowmentEtc/EOY00
IRS990/Revenue01886119
IRS990/RevenuesLessExpensesCY0-150865
IRS990/RevenuesLessExpensesPriorYear0-100120
IRS990/SalariesEtcCurrentYear01225973
IRS990/SalariesEtcPriorYear0749258
IRS990ScheduleA/School170b1Aii0X
IRS990/ScheduleBRequired00
IRS990ScheduleD/Equipment/BookValue011940
IRS990ScheduleD/Equipment/Depreciation08128
IRS990ScheduleD/Equipment/OtherCostOrOtherBasis020068
IRS990ScheduleD/ExpensesNotRptdF990089143
IRS990ScheduleD/ExpensesNotRptdOnFinStmt00
IRS990ScheduleD/ExpensesSubtotal02053472
IRS990ScheduleD/FootnoteInPartXIII0X
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation0The Academy is recognized as an organization exempt from Federal income tax under Section 501(c)(3) of the Internal Revenue Code ("IRC") whereby only unrelated business income, as defined by Section 512(a)(1) of the IRC, is subject to Federal income tax. The Academy's policy is to record a liability for any tax position taken that is beneficial to the Academy, including any related interest and penalties, when it is more likely than not the position taken by management with respect to a transaction or class of transactions will be overturned by a taxing authority upon examination. Management believes there are no such positions as of June 30, 2013, and accordingly, no liability has been accrued. Generally, the Internal Revenue Service ("IRS") may examine a tax return for three years from the date it is filed. At June 30, 2013, tax years ended June 30, 2012, 2011 and 2010 remained open for possible examination by the IRS.
IRS990ScheduleD/Form990ScheduleDPartXIII/Explanation1Write off of impaired leasehold improvements 89,143.
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier0Description of Uncertain Tax Positions Under FIN 48:
IRS990ScheduleD/Form990ScheduleDPartXIII/Identifier1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/Form990ScheduleDPartXIII/ReturnReference0Part X, Line 2:
IRS990ScheduleD/OtherExpensesIncluded089143
IRS990ScheduleD/OtherLandBuildings/BookValue051819
IRS990ScheduleD/OtherLandBuildings/Depreciation04513
IRS990ScheduleD/OtherLandBuildings/OtherCostOrOtherBasis056332
IRS990ScheduleD/RevenueNotRptdF99000
IRS990ScheduleD/RevenueNotRptdOnFinStmt00
IRS990ScheduleD/RevenueSubtotal01902607
IRS990ScheduleD/TotalExpensesPerForm99002053472
IRS990ScheduleD/TotalOfBookValueLandBuildings063759
IRS990ScheduleD/TotalRevenuePerForm99001902607
IRS990ScheduleD/TotExpensesEtcAuditedFinclStmt02142615
IRS990ScheduleD/TotRevenueEtcAuditedFinclStmt01902607
IRS990ScheduleE/ComplianceWithRevProc755001
IRS990ScheduleE/DiscriminateRaceAdmissPolicies00
IRS990ScheduleE/DiscriminateRaceAthleticProg00
IRS990ScheduleE/DiscriminateRaceEducPolicies00
IRS990ScheduleE/DiscriminateRaceEmplmnFaculty00
IRS990ScheduleE/DiscriminateRaceOtherActy00
IRS990ScheduleE/DiscriminateRaceScholarships00
IRS990ScheduleE/DiscriminateRaceStudentsRights00
IRS990ScheduleE/DiscriminateRaceUseOfFclts00
IRS990ScheduleE/Form990ScheduleEPartII/Explanation0The school produces brochures and radio advertisements that have publicized its nondiscriminatory policy.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation1The school is a chartered public school and as such does not award scholarships or financial assistance.
IRS990ScheduleE/Form990ScheduleEPartII/Explanation2The school receives funding from the Georgia Department of Education as well as the federal Department of Education in the form of QBE allotments as well as Title I funding.
IRS990ScheduleE/Form990ScheduleEPartII/Identifier0Explanation of Nondiscriminatory Policy Publication
IRS990ScheduleE/Form990ScheduleEPartII/Identifier1Explanation of Document Retention
IRS990ScheduleE/Form990ScheduleEPartII/Identifier2Explanation of Government Financial Assistance
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference0Schedule E, Part I, Line 3
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference1Schedule E, Part I, Line 4
IRS990ScheduleE/Form990ScheduleEPartII/ReturnReference2Schedule E, Part I, Line 6
IRS990ScheduleE/GovernmentFinancialAidReceived01
IRS990ScheduleE/GovernmentFinancialAidRevoked00
IRS990ScheduleE/MaintCopiesOfAllSolicitations01
IRS990ScheduleE/MaintCopiesOfBrochuresEtc01
IRS990ScheduleE/MaintRacialCompositionRecords01
IRS990ScheduleE/MaintScholarshipsRecords00
IRS990ScheduleE/NondiscriminatoryPolicyStmt01
IRS990ScheduleE/PolicyPublViaBroadcastMedia01
IRS990ScheduleE/PolicyStatementInBrochuresEtc01
IRS990/ScheduleJRequired00
IRS990ScheduleO/GeneralExplanation/Explanation0The Board of Directors did not review Form 990 prior to being filed.
IRS990ScheduleO/GeneralExplanation/Explanation1The process used to monitor and ensure compliance with the conflict of interest policy is for each Board member to annually update the conflict of interest policy which is then reviewed by a designated subcommittee.
IRS990ScheduleO/GeneralExplanation/Explanation2The Board determines compensation for the Head of School while The Board and Head of School determine compensation for other key employees using comparability data. Contemporaneous substantiation of the deliberation and decision is maintained by the Academy.
IRS990ScheduleO/GeneralExplanation/Explanation3Heritage Preparatory Academy makes its Form 990 available upon request.
IRS990ScheduleO/GeneralExplanation/Explanation4Heritage Preparatory Academy makes its governing documents, conflict of interest policy, and financial statements available to the public upon request during normal business hours.
IRS990ScheduleO/GeneralExplanation/Explanation5During 2013, the Academy sold certain assets to a financing company for $191,407. The assets had a cost of $183,688 and accumulated depreciation of $27,413. Various other assets were disposed of during the year for proceeds of $41,394 with costs of $45,987 and accumulated depreciation of $4,032. The resulting net gain on the sale and disposal of assets is $34,571; of which, $26,349 is deferred to future periods in relation to the sale and leaseback agreement and is included in deferred inflows on the balance sheet. The remaining gain of $8,222 is reported on the Statement of Revenue.
IRS990ScheduleO/GeneralExplanation/Explanation6During 2013, FICA taxes were $61,127. The state auditor reviewed the expense and adjusted $51,639 of prior period accruals relating to payroll taxes through the account. There was no tax liabilty that needed to be accrued for and therefore no expense in the current period. Further, it was discovered that $15,054 of payroll taxes related to 2012 had not been recorded. These have been included on the statement of functional expenses. Additionally, during 2012 and 2013 the Academy incorrectly made disbursements to the Social Security Program on behalf of its employees participating in the Teachers Retirement System of Georgia ("TRS"). These employees are not eligible to participate in the Social Security Program. Contributions made by the Academy on behalf of its employees to the Social Security Administration are expected to be refunded. The Academy has filed for a refund of $70,500 for overpayments of social security. These amounts have been reported as a receivable on Part X, Balance Sheet. Also included on this line are unemployment taxes paid of $1,256.
IRS990ScheduleO/GeneralExplanation/Explanation7Write off of impaired leasehold improvements -89,143.
IRS990ScheduleO/GeneralExplanation/Identifier0Payroll Taxes
IRS990ScheduleO/GeneralExplanation/Identifier1Changes in Net Assets or Fund Balances:
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/ReturnReference2Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/ReturnReference3Form 990, Part VI, Section C, line 18
IRS990ScheduleO/GeneralExplanation/ReturnReference4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/ReturnReference5Form 990, Part VIII, Line 7
IRS990ScheduleO/GeneralExplanation/ReturnReference6Form 990, Part IX, Line 10
IRS990ScheduleO/GeneralExplanation/ReturnReference7Form 990, Part XI, line 9:
IRS990/ScheduleORequired01
IRS990/School01
IRS990/SignificantChange00
IRS990/SignificantNewProgramServices00
IRS990/StateLegalDomicile0GA
IRS990/StatesWhereCopyOfReturnIsFiled0GA
IRS990/SubjectToProxyTax00
IRS990/TaxablePartyNotification00
IRS990/TaxExemptBonds00
IRS990/Terminated00
IRS990/TermOrPermanentEndowments00
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine10PO Box 920032
IRS990/TheBooksAreInCareOf/AddressUS/City0Norcross
IRS990/TheBooksAreInCareOf/AddressUS/State0GA
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode030010
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine10Berhannan Business Services
IRS990/TheBooksAreInCareOf/TelephoneNumber06789388710
IRS990/TotalAssets/BOY0420005
IRS990/TotalAssetsBOY0420005
IRS990/TotalAssets/EOY0176447
IRS990/TotalAssetsEOY0176447
IRS990/TotalCompGT150K00
IRS990/TotalContributions08266
IRS990/TotalExpensesCurrentYear02053472
IRS990/TotalExpensesPriorYear01674297
IRS990/TotalFunctionalExpenses/Fundraising00
IRS990/TotalFunctionalExpenses/ManagementAndGeneral0895746
IRS990/TotalFunctionalExpenses/ProgramServices01157726
IRS990/TotalFunctionalExpenses/Total02053472
IRS990/TotalFundrsngExpCurrentYear00
IRS990/TotalGrossUBI00
IRS990/TotalLiabilities/BOY0374363
IRS990/TotalLiabilitiesBOY0374363
IRS990/TotalLiabilities/EOY0370813
IRS990/TotalLiabilitiesEOY0370813
IRS990/TotalLiabNetAssetsFundBalances/BOY0420005
IRS990/TotalLiabNetAssetsFundBalances/EOY0176447
IRS990/TotalNbrEmployees021
IRS990/TotalNbrVolunteers015
IRS990/TotalNetAssetsFundBalances/BOY045642
IRS990/TotalNetAssetsFundBalances/EOY0-194366
IRS990/TotalOtherCompensation00
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceExpense01157726
IRS990/TotalProgramServiceRevenue01886119
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg090000
IRS990/TotalRevenueCurrentYear01902607
IRS990/TotalRevenue/ExclusionAmount08222
IRS990/TotalRevenuePriorYear01574177
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome01886119
IRS990/TotalRevenue/TotalRevenueColumn01902607
IRS990/TotalRevenue/UnrelatedBusinessRevenue00
IRS990/TransfersToExemptNonChrtblOrg00
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome00
IRS990/UponRequest0X
IRS990/WebSite0www.heritageprepcharter.org
IRS990/WhistleblowerPolicy00
IRS990/YearFormation02007
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/Filer/EIN0261613073
ReturnHeader/Filer/Name/BusinessNameLine10Heritage Preparatory Academy Inc
ReturnHeader/Filer/NameControl0HERI
ReturnHeader/Filer/Phone06783992810
ReturnHeader/Filer/USAddress/AddressLine10569 Martin Luther King Jr Drive
ReturnHeader/Filer/USAddress/City0Atlanta
ReturnHeader/Filer/USAddress/State0GA
ReturnHeader/Filer/USAddress/ZIPCode030314

Document Assets

No mirrored PDF or thumbnail assets are attached yet.