Civic Intelligence

Purpose Preparatory Academy Inc.

990 • Fiscal year 2015 • EIN 46-0693776

Jul 01, 2014 to Jun 30, 2015 • Filed on Mar 22, 2016

Organization ProfileWWW.PURPOSEPREP.ORG
220 Venture CircleNashville, TN 37228

(615) 724-0705

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.67x

Higher debt load relative to assets than 84% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

68th percentile

0.28x

Higher debt load relative to revenue than 68% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

71st percentile

12%

Higher net margin than 71% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

63rd percentile

$86,594

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

87th percentile

33%

Faster asset growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

89th percentile

52%

Faster revenue growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$881,706

Up $219,914 (+33%) from 2014

Net Assets

Up

$291,921

Up $157,477 (+117%) from 2014

Liabilities

Up

$589,785

Up $62,437 (+12%) from 2014

Revenue And Expenses
Liabilities / Revenue68th percentileNet Margin71st percentile

Revenue

Up

$2,070,275

Up $711,161 (+52%) from 2014

Expenses

Up

$1,813,010

Up $421,051 (+30%) from 2014

Net Income

Up

$257,265

Up $290,110 (+883%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2013: $173,532Liabilities 2013: $6,243Net Assets 2013: $167,2892013Assets 2014: $661,792Liabilities 2014: $527,348Net Assets 2014: $134,4442014Assets 2015: $881,706Liabilities 2015: $589,785Net Assets 2015: $291,9212015Assets 2016: $1,100,227Liabilities 2016: $633,412Net Assets 2016: $466,8152016Assets 2017: $4,582,176Liabilities 2017: $3,815,743Net Assets 2017: $766,4332017Assets 2018: $5,237,042Liabilities 2018: $4,271,970Net Assets 2018: $965,0722018Assets 2019: $5,427,192Liabilities 2019: $4,033,886Net Assets 2019: $1,393,3062019Assets 2020: $6,780,437Liabilities 2020: $4,892,120Net Assets 2020: $1,888,3172020Assets 2021: $8,996,709Liabilities 2021: $5,103,591Net Assets 2021: $3,893,1182021Assets 2022: $10,740,534Liabilities 2022: $4,682,678Net Assets 2022: $6,057,8562022Assets 2023: $10,483,673Liabilities 2023: $3,512,436Net Assets 2023: $6,971,2372023Assets 2024: $11,684,623Liabilities 2024: $3,972,467Net Assets 2024: $7,712,1562024

Highlighted filing

2015

Assets$881,706
Liabilities$589,785
Net Assets$291,921
Open 2015 Filing

Operations Trend

Revenue Growth89th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2013: $162,9262013Revenue 2014: $1,359,114Expenses 2014: $1,391,959Net Income 2014: -$32,8452014Revenue 2015: $2,070,275Expenses 2015: $1,813,010Net Income 2015: $257,2652015Revenue 2016: $2,744,813Expenses 2016: $2,569,920Net Income 2016: $174,8932016Revenue 2017: $3,660,537Expenses 2017: $3,360,919Net Income 2017: $299,6182017Revenue 2018: $4,335,910Expenses 2018: $4,137,271Net Income 2018: $198,6392018Revenue 2019: $4,776,215Expenses 2019: $4,347,981Net Income 2019: $428,2342019Revenue 2020: $4,804,689Expenses 2020: $4,309,678Net Income 2020: $495,0112020Revenue 2021: $6,201,971Expenses 2021: $4,197,169Net Income 2021: $2,004,8022021Revenue 2022: $7,881,900Expenses 2022: $5,717,162Net Income 2022: $2,164,7382022Revenue 2023: $8,192,648Expenses 2023: $7,279,267Net Income 2023: $913,3812023Revenue 2024: $8,238,656Expenses 2024: $7,497,737Net Income 2024: $740,9192024

Highlighted filing

2015

Revenue$2,070,275
Expenses$1,813,010
Net Income$257,265
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Mar 22, 2016
Return Version
2014v6.0
Gross Receipts
$2,070,275
Mission and Program Overview

Mission

Through rigorous curriculum, high-quality instruction, and positive character development, purpose preparatory academy charter school ensures that all kindergarten through grade four students achieve the academic skills, knowledge, and ethical foundation to be set on the path to college.

SEE SCHEDULE O.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$478,846$380,913▼ $97,933
Cash and Non-Interest-Bearing Accounts$135,428$339,457▲ $204,029
Rtn Earn Endowment Incm Other Fnds$134,444$291,921▲ $157,477
Prepaid Expenses and Deferred Charges$17,627$93,979▲ $76,352
Accounts Receivable$13,891$51,357▲ $37,466
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$661,792$881,706▲ $219,914
Other Assets Total$16,000$16,000→ $0
Liabilities
Deferred Revenue$161,705$494,131▲ $332,426
Mortgage Notes Payable Secured by Investment Property$292,858$0▼ $292,858
Accounts Payable and Accrued Expenses$72,785$70,010▼ $2,775
Other Liabilities$0$25,644▲ $25,644
Total Liabilities$527,348$589,785▲ $62,437
Net Assets / Fund Balance
Total Net Assets Fund Balance$134,444$291,921▲ $157,477
Total Liabilities and Net Assets / Fund Balance$661,792$881,706▲ $219,914

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$328,862$189,554$518,416
Equipment$45,976$39,061$85,037
Other Land Buildings$6,075-$6,075
Compensation and Service Providers
Top Officer Pay63rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lagra NewmanHead of SchoolFT$86,594$86,594

Board Members and Trustees

NameTitle
Perry GoochChair
Harry AllenPast Chair
Rita MitchellVice Chair
Ginny PopeBoard Member
Hunter SchimpffBoard Member
Kate WattsBoard Member
Lionel GreeneBoard Member
Ryan MccostlinBoard Member
Tonya WilsonBoard Member
Ashley NorthingtonSecretary
Eric RubinsteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,049,655
Program Service Revenue
$0
Investment Income
$101
Other Revenue
$20,519
All Other Contributions
$60,002
Change in Net Assets
$257,265

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,070,275
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,070,275
Total Revenue per Form 990
$2,070,275
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$934,949
Other Expenses$878,061
Total Fundraising Expense$6,168
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$593,465$95,213-$688,678
Occupancy$116,152$61,754-$177,906
Depreciation Depletion$107,188$18,915-$126,103
Travel$106,254--$106,254
Current Officers, Directors, Trustees, and Key Employees-$90,592-$90,592
Fees for Services Other$71,792$16,070-$87,862
Other Employee Benefits$53,334$16,698-$70,032
Fees for Service Investment Mgmnt Fees-$60,000-$60,000
Payroll Taxes$43,949$13,760-$57,709
Office Expenses-$29,856-$29,856
Pension Plan Contributions$21,362$6,576-$27,938
All Other Expenses$6,639$2,918$6,168$15,725
Insurance-$11,935-$11,935
Fees for Services Accounting-$8,500-$8,500
Other Expenses$6,588--$6,588
Advertising-$3,500-$3,500
Information Technology-$3,403-$3,403
Interest-$2,917-$2,917
Total Functional Expenses$1,364,235$442,607$6,168$1,813,010

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,813,010
Total Expenses per Audited Statements$1,813,010
Total Expenses per Form 990$1,813,010
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$25,644
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

“Form 990 is prepared and reviewed by purpose preparatory academy's cpa firm. It is then given to purpose preparatory's executive director and the finance committee for review and approval. All other board members may obtain a copy for review upon request.”

Form 990, Part VI, Section C, Line 19

“Purpose preparatory academy's governing documents, conflict of interest policy, and financial statements are available upon request of the director of finance, noted on the state's website, and are provided to staff. Specific governance documents may not be available to the general public and are reviewed on an as needed basis.”

Filing and Contact Details

Filer

Filer Name
Purpose Preparatory Academy Inc
EIN
46-0693776
Phone
6157240705
Address
220 VENTURE CIRCLE, NASHVILLE, TN 37228

Signing Officer

Name
Lagra Newman
Title
Founder
Phone
6157240705
Signed
2016-03-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lagra Newman
Formed
2012
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
11
Employees
19
Volunteers
100

Preparer

Firm
Crosslin & Associates Pc
Address
3803 BEDFORD AVENUE SUITE 103, NASHVILLE, TN 37215
Preparer
Rodney C Brower
Phone
6153205500
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1

“Through rigorous curriculum, high-quality instruction, and positive character development, purpose preparatory academy charter school ensures that all kindergarten through grade four students achieve the academic skills, knowledge, and ethical foundation to be set on the path to college.”

FORM 990, PART XI, LINE 9:

“Restatement of net position per audit -99,788.”

Raw XML AppendixShowing 400 of 453 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.

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IRS990/Desc0PURPOSE PREP PROVIDES AN ACADEMICALLY CHALLENGING, DISCIPLINED, AND JOYFUL ELEMENTARY SCHOOL TO CHILDREN OF NASHVILLE. WITH AN INTENSIVE FOCUS ON THE ACQUISITION OF ESSENTIAL LITERACY SKILLS, PURPOSE PREP PROVIDES TARGETED AND RIGOROUS INSTRUCTION IN EACH CORE SUBJECT TO MEET THE ACADEMIC NEEDS OF EVERY SCHOLAR. PURPOSE PREP HOLDS SCHOLARS ACCOUNTABLE FOR DEMONSTRATING EXCELLENT BEHAVIOR BY TEACHING THEM THE CHARACTER SKILLS NECESSARY FOR THEIR SUCCESS, SPECIFICALLY THE SCHOOL'S RISE WITH PURPOSE VALUES - PURPOSE, RESPECT, INTEGRITY, SELF-DETERMINATION, AND EXCELLENCE.
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IRS990/NetAssetsOrFundBalancesEOYAmt0291921
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt061754
IRS990/OccupancyGrp/ProgramServicesAmt0116152
IRS990/OccupancyGrp/TotalAmt0177906
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt029856
IRS990/OfficeExpensesGrp/TotalAmt029856
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016000
IRS990/OtherAssetsTotalGrp/EOYAmt016000
IRS990/OtherChangesInNetAssetsAmt0-99788
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016698
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt053334
IRS990/OtherEmployeeBenefitsGrp/TotalAmt070032
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc3ORGANIZATIONAL DEVELOPM
IRS990/OtherExpensesGrp/ProgramServicesAmt0149500
IRS990/OtherExpensesGrp/ProgramServicesAmt151961
IRS990/OtherExpensesGrp/ProgramServicesAmt236051
IRS990/OtherExpensesGrp/ProgramServicesAmt36588
IRS990/OtherExpensesGrp/TotalAmt0149500
IRS990/OtherExpensesGrp/TotalAmt151961
IRS990/OtherExpensesGrp/TotalAmt236051
IRS990/OtherExpensesGrp/TotalAmt36588
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt025644
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt020519
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt020519
IRS990/OtherRevenueTotalAmt020519
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt095213
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0593465
IRS990/OtherSalariesAndWagesGrp/TotalAmt0688678
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt013760
IRS990/PayrollTaxesGrp/ProgramServicesAmt043949
IRS990/PayrollTaxesGrp/TotalAmt057709
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06576
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt021362
IRS990/PensionPlanContributionsGrp/TotalAmt027938
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017627
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt093979
IRS990/PrincipalOfficerNm0LAGRA NEWMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01349974
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt080
IRS990/PYOtherExpensesAmt0770970
IRS990/PYOtherRevenueAmt09060
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-32845
IRS990/PYSalariesCompEmpBnftPaidAmt0620989
IRS990/PYTotalExpensesAmt01391959
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01359114
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0257265
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0134444
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0291921
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt045976
IRS990ScheduleD/EquipmentGrp/DepreciationAmt039061
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt085037
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01813010
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0328862
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0189554
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0518416
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06075
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt06075
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025644
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02070275
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0380913
IRS990ScheduleD/TotalExpensesPerForm990Amt01813010
IRS990ScheduleD/TotalLiabilityAmt025644
IRS990ScheduleD/TotalRevenuePerForm990Amt02070275
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02070275
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01813010
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PURPOSE PREPARATORY UTILIZES THE PUBLIC LOTTERY SYSTEM AND CORRESPONDING MARKETING EFFORTS THROUGH THE SCHOOL DISTRICT, WHICH ENSURES OUR RACIALLY NONDISCRIMINATORY POLICIES FOR REGISTRATION AND ENROLLMENT ARE PUBLICIZED THROUGHOUT THE CITY/DISTRICT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1NO FINANCIAL ASSISTANCE OR SCHOLARSHIPS AWARDED. PURPOSE PREPARATORY ACADEMY IS A PUBLIC CHARTER SCHOOL WITH NO TUITION REQUIREMENT.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL IS A PUBLIC CHARTER SCHOOL AND RECEIVES START-UP MONEY FROM THE STATE OF TENNESSEE.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 4
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE E, PART I, LINE 6
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THROUGH RIGOROUS CURRICULUM, HIGH-QUALITY INSTRUCTION, AND POSITIVE CHARACTER DEVELOPMENT, PURPOSE PREPARATORY ACADEMY CHARTER SCHOOL ENSURES THAT ALL KINDERGARTEN THROUGH GRADE FOUR STUDENTS ACHIEVE THE ACADEMIC SKILLS, KNOWLEDGE, AND ETHICAL FOUNDATION TO BE SET ON THE PATH TO COLLEGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED AND REVIEWED BY PURPOSE PREPARATORY ACADEMY'S CPA FIRM. IT IS THEN GIVEN TO PURPOSE PREPARATORY'S EXECUTIVE DIRECTOR AND THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. ALL OTHER BOARD MEMBERS MAY OBTAIN A COPY FOR REVIEW UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PURPOSE PREPARATORY ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST OF THE DIRECTOR OF FINANCE, NOTED ON THE STATE'S WEBSITE, AND ARE PROVIDED TO STAFF. SPECIFIC GOVERNANCE DOCUMENTS MAY NOT BE AVAILABLE TO THE GENERAL PUBLIC AND ARE REVIEWED ON AN AS NEEDED BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3RESTATEMENT OF NET POSITION PER AUDIT -99,788.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0661792
IRS990/TotalAssetsEOYAmt0881706
IRS990/TotalAssetsGrp/BOYAmt0661792
IRS990/TotalAssetsGrp/EOYAmt0881706
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt02049655
IRS990/TotalEmployeeCnt019
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt06168
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0442607
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01364235
IRS990/TotalFunctionalExpensesGrp/TotalAmt01813010
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0527348
IRS990/TotalLiabilitiesEOYAmt0589785
IRS990/TotalLiabilitiesGrp/BOYAmt0527348
IRS990/TotalLiabilitiesGrp/EOYAmt0589785
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0134444

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$881,706
Liabilities
$589,785
Net assets
$291,921
Revenue
$2,070,275
Expenses
$1,813,010
Net income
$257,265
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.7$3.97$7.71$8.24$7.50$0.74
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.5$3.51$6.97$8.19$7.28$0.91
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$4.68$6.06$7.88$5.72$2.16
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.00$5.10$3.89$6.20$4.20$2.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.78$4.89$1.89$4.80$4.31$0.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.43$4.03$1.39$4.78$4.35$0.43
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.24$4.27$0.97$4.34$4.14$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.58$3.82$0.77$3.66$3.36$0.30
2016Detailed filing. Detailed filing data is available for this year.$1.10$0.63$0.47$2.74$2.57$0.17
2015Detailed filing. Detailed filing data is available for this year.$0.88$0.59$0.29$2.07$1.81$0.26
2014Detailed filing. Detailed filing data is available for this year.$0.66$0.53$0.13$1.36$1.39$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.01$0.17$0.16