Civic Intelligence

Purpose Preparatory Academy Inc.

990 • Fiscal year 2019 • EIN 46-0693776

Jul 01, 2018 to Jun 30, 2019 • Filed on Jun 09, 2020

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

85th percentile

0.74x

Higher debt load relative to assets than 85% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

80th percentile

0.84x

Higher debt load relative to revenue than 80% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

64th percentile

9.0%

Higher net margin than 64% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$104,236

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

52nd percentile

3.6%

Faster asset growth than 52% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

65th percentile

10%

Faster revenue growth than 65% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$5,427,192

Up $190,150 (+3.6%) from 2018

Net Assets

Up

$1,393,306

Up $428,234 (+44%) from 2018

Liabilities

Down

$4,033,886

Down $238,084 (-5.6%) from 2018

Revenue And Expenses
Liabilities / Revenue80th percentileNet Margin64th percentile

Revenue

Up

$4,776,215

Up $440,305 (+10%) from 2018

Expenses

Up

$4,347,981

Up $210,710 (+5.1%) from 2018

Net Income

Up

$428,234

Up $229,595 (+116%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth52nd 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

2019

Assets$5,427,192
Liabilities$4,033,886
Net Assets$1,393,306
Open 2019 Filing

Operations Trend

Revenue Growth65th 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

2019

Revenue$4,776,215
Expenses$4,347,981
Net Income$428,234
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jun 9, 2020
Return Version
2018v3.1
Gross Receipts
$4,776,215
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,944,761$3,915,703▼ $29,058
Rtn Earn Endowment Incm Other Fnds$965,072$1,393,306▲ $428,234
Cash and Non-Interest-Bearing Accounts$922,315$986,621▲ $64,306
Prepaid Expenses and Deferred Charges$216,779$225,851▲ $9,072
Accounts Receivable$104,388$184,495▲ $80,107
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,237,042$5,427,192▲ $190,150
Other Assets Total$48,799$114,522▲ $65,723
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,683,652$3,559,758▼ $123,894
Deferred Revenue$201,085$220,638▲ $19,553
Accounts Payable and Accrued Expenses$343,332$174,948▼ $168,384
Other Liabilities$43,901$78,542▲ $34,641
Total Liabilities$4,271,970$4,033,886▼ $238,084
Net Assets / Fund Balance
Total Net Assets Fund Balance$965,072$1,393,306▲ $428,234
Total Liabilities and Net Assets / Fund Balance$5,237,042$5,427,192▲ $190,150

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,982,096$156,152$3,138,248
Land$860,000-$860,000
Leasehold Improvements$0$518,416$518,416
Equipment$73,607$191,967$265,574
Compensation and Service Providers
Top Officer Pay41st percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lagra NewmanHead of SchoolFT$104,236$104,236

Board Members and Trustees

NameTitle
Charlanda WatsonChair
Ryann CaseyVice Chair
Domonique TownsendDirector
Kathy NelsonDirector
Lauren KingDirector
Perry GoochDirector
Sallie NortonDirector
Vince DurnanDirector
William JacksonDirector
Charlane OliverSecretary
Dale MitchellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,712,908
Program Service Revenue
$0
Investment Income
$12,268
Other Revenue
$51,039
All Other Contributions
$143,843
Change in Net Assets
$428,234

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,776,215
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,776,215
Total Revenue per Form 990
$4,776,215
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,405,604
Other Expenses$1,942,377
Total Fundraising Expense$26,966
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,472,891$413,908-$1,886,799
Fees for Services Other$196,348$168,199-$364,547
Travel$269,430--$269,430
Interest-$165,261-$165,261
Pension Plan Contributions$114,661$40,337-$154,998
Payroll Taxes$109,553$38,540-$148,093
Depreciation Depletion$121,887$21,509-$143,396
Occupancy$94,100$44,557-$138,657
Other Employee Benefits$82,467$29,011-$111,478
Current Officers, Directors, Trustees, and Key Employees-$104,236-$104,236
Office Expenses-$82,826-$82,826
All Other Expenses$21,725$22,551$26,966$71,242
Fees for Service Investment Mgmnt Fees-$68,116-$68,116
Other Expenses$80,696$55,040-$55,040
Insurance-$20,905-$20,905
Fees for Services Accounting-$15,500-$15,500
Fees for Services Legal-$1,874-$1,874
Total Functional Expenses$3,028,645$1,292,370$26,966$4,347,981

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,347,981
Total Expenses per Audited Statements$4,347,981
Total Expenses per Form 990$4,347,981
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$78,542
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 11B

“Form 990 is prepared and reviewed by purpose preparatory academy's back-office financial provider. 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
2020-06-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lagra Newman
Formed
2012
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
44
Volunteers
200

Preparer

Firm
Crosslin Pllc
Address
3803 BEDFORD AVENUE SUITE 103, NASHVILLE, TN 37215
Preparer
Steven D Warren
Phone
6153205500
Raw XML AppendixShowing 400 of 461 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/Form990PartVIISectionAGrp/PersonNm2VINCE DURNAN
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IRS990/MissionDesc0THROUGH 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03683652
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03559758
IRS990/NetAssetsOrFundBalancesBOYAmt0965072
IRS990/NetAssetsOrFundBalancesEOYAmt01393306
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt044557
IRS990/OccupancyGrp/ProgramServicesAmt094100
IRS990/OccupancyGrp/TotalAmt0138657
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt082826
IRS990/OfficeExpensesGrp/TotalAmt082826
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt048799
IRS990/OtherAssetsTotalGrp/EOYAmt0114522
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029011
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt082467
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0111478
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc2STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/Desc3SUPPLIES AND MATERIALS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt055040
IRS990/OtherExpensesGrp/ProgramServicesAmt0358308
IRS990/OtherExpensesGrp/ProgramServicesAmt1106579
IRS990/OtherExpensesGrp/ProgramServicesAmt280696
IRS990/OtherExpensesGrp/TotalAmt0358308
IRS990/OtherExpensesGrp/TotalAmt1106579
IRS990/OtherExpensesGrp/TotalAmt280696
IRS990/OtherExpensesGrp/TotalAmt355040
IRS990/OtherLiabilitiesGrp/BOYAmt043901
IRS990/OtherLiabilitiesGrp/EOYAmt078542
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt051039
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt051039
IRS990/OtherRevenueTotalAmt051039
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0413908
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01472891
IRS990/OtherSalariesAndWagesGrp/TotalAmt01886799
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt038540
IRS990/PayrollTaxesGrp/ProgramServicesAmt0109553
IRS990/PayrollTaxesGrp/TotalAmt0148093
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt040337
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0114661
IRS990/PensionPlanContributionsGrp/TotalAmt0154998
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0216779
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0225851
IRS990/PrincipalOfficerNm0LAGRA NEWMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04314334
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0367
IRS990/PYOtherExpensesAmt01826177
IRS990/PYOtherRevenueAmt021209
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0198639
IRS990/PYSalariesCompEmpBnftPaidAmt02311094
IRS990/PYTotalExpensesAmt04137271
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04335910
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0428234
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0965072
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01393306
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02982096
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0156152
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03138248
IRS990ScheduleD/EquipmentGrp/BookValueAmt073607
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0191967
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0265574
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04347981
IRS990ScheduleD/LandGrp/BookValueAmt0860000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0860000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0518416
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0518416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt078542
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04776215
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03915703
IRS990ScheduleD/TotalExpensesPerForm990Amt04347981
IRS990ScheduleD/TotalLiabilityAmt078542
IRS990ScheduleD/TotalRevenuePerForm990Amt04776215
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04776215
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04347981
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, TUITION-FREE CHARTER SCHOOL AND RECEIVES FUNDS PER PUPIL 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/ExplanationTxt0FORM 990 IS PREPARED AND REVIEWED BY PURPOSE PREPARATORY ACADEMY'S BACK-OFFICE FINANCIAL PROVIDER. 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/ExplanationTxt1PURPOSE 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/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05237042
IRS990/TotalAssetsEOYAmt05427192
IRS990/TotalAssetsGrp/BOYAmt05237042
IRS990/TotalAssetsGrp/EOYAmt05427192
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04712908
IRS990/TotalEmployeeCnt044
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt026966
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01292370
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03028645
IRS990/TotalFunctionalExpensesGrp/TotalAmt04347981
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04271970
IRS990/TotalLiabilitiesEOYAmt04033886
IRS990/TotalLiabilitiesGrp/BOYAmt04271970
IRS990/TotalLiabilitiesGrp/EOYAmt04033886
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0965072

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,427,192
Liabilities
$4,033,886
Net assets
$1,393,306
Revenue
$4,776,215
Expenses
$4,347,981
Net income
$428,234
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
2019Detailed filing. Detailed filing data is available for this year.$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