Civic Intelligence

Purpose Preparatory Academy Inc.

990 • Fiscal year 2020 • EIN 46-0693776

Jul 01, 2019 to Jun 30, 2020 • Filed on Feb 04, 2021

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

0.72x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

81st percentile

1.02x

Higher debt load relative to revenue than 81% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

45th percentile

$111,616

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 2.3% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

78th percentile

25%

Faster asset growth than 78% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

47th percentile

0.6%

Faster revenue growth than 47% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$6,780,437

Up $1,353,245 (+25%) from 2019

Net Assets

Up

$1,888,317

Up $495,011 (+36%) from 2019

Liabilities

Up

$4,892,120

Up $858,234 (+21%) from 2019

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin63rd percentile

Revenue

Up

$4,804,689

Up $28,474 (+0.6%) from 2019

Expenses

Down

$4,309,678

Down $38,303 (-0.9%) from 2019

Net Income

Up

$495,011

Up $66,777 (+16%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth78th 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

2020

Assets$6,780,437
Liabilities$4,892,120
Net Assets$1,888,317
Open 2020 Filing

Operations Trend

Revenue Growth47th 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

2020

Revenue$4,804,689
Expenses$4,309,678
Net Income$495,011
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Feb 4, 2021
Return Version
2019v5.2
Gross Receipts
$4,804,689
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$3,915,703$3,795,803▼ $119,900
Rtn Earn Endowment Incm Other Fnds$1,393,306$1,888,317▲ $495,011
Cash and Non-Interest-Bearing Accounts$986,621$1,829,803▲ $843,182
Accounts Receivable$184,495$715,771▲ $531,276
Prepaid Expenses and Deferred Charges$225,851$275,896▲ $50,045
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$5,427,192$6,780,437▲ $1,353,245
Other Assets Total$114,522$163,164▲ $48,642
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,559,758$3,917,959▲ $358,201
Grants Payable-$495,000-
Other Liabilities$78,542$212,065▲ $133,523
Deferred Revenue$220,638$189,053▼ $31,585
Accounts Payable and Accrued Expenses$174,948$78,043▼ $96,905
Total Liabilities$4,033,886$4,892,120▲ $858,234
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,393,306$1,888,317▲ $495,011
Total Liabilities and Net Assets / Fund Balance$5,427,192$6,780,437▲ $1,353,245

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,901,629$236,619$3,138,248
Land$860,000-$860,000
Leasehold Improvements$0$518,416$518,416
Equipment$34,174$231,400$265,574
Compensation and Service Providers
Top Officer Pay45th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Lagra NewmanHead of SchoolFT$111,616$111,616

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$4,766,462
Program Service Revenue
$0
Investment Income
$19,809
Other Revenue
$18,418
All Other Contributions
$230,876
Change in Net Assets
$495,011

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,804,689
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,804,689
Total Revenue per Form 990
$4,804,689
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,664,868
Other Expenses$1,644,810
Total Fundraising Expense$13,165
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,476,653$547,542-$2,024,195
Fees for Services Other$201,669$119,513-$321,182
Travel$189,959--$189,959
Pension Plan Contributions$129,347$57,739-$187,086
Other Employee Benefits$127,787$57,042-$184,829
Payroll Taxes$108,645$48,497-$157,142
Interest-$150,433-$150,433
Occupancy$78,738$51,536-$130,274
Depreciation Depletion$101,915$17,985-$119,900
Current Officers, Directors, Trustees, and Key Employees-$111,616-$111,616
Fees for Service Investment Mgmnt Fees-$69,600-$69,600
Office Expenses-$65,366-$65,366
Other Expenses$55,365$124,921-$55,365
Insurance-$21,610-$21,610
All Other Expenses$6,994-$13,165$20,159
Fees for Services Accounting-$17,500-$17,500
Fees for Services Legal-$5,000-$5,000
Total Functional Expenses$2,830,613$1,465,900$13,165$4,309,678

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,309,678
Total Expenses per Audited Statements$4,309,678
Total Expenses per Form 990$4,309,678
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$212,065
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 35% controlled entity
No
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
2021-02-04
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
65
Volunteers
50

Preparer

Firm
Crosslin Pllc
Address
3803 BEDFORD AVENUE SUITE 103, NASHVILLE, TN 37215
Preparer
Steven D Warren
Phone
6153205500
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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/ActivityOrMissionDesc0THROUGH 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.
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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/BOYAmt03559758
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03917959
IRS990/NetAssetsOrFundBalancesBOYAmt01393306
IRS990/NetAssetsOrFundBalancesEOYAmt01888317
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt051536
IRS990/OccupancyGrp/ProgramServicesAmt078738
IRS990/OccupancyGrp/TotalAmt0130274
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt065366
IRS990/OfficeExpensesGrp/TotalAmt065366
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0114522
IRS990/OtherAssetsTotalGrp/EOYAmt0163164
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt057042
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0127787
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0184829
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0124921
IRS990/OtherExpensesGrp/ProgramServicesAmt0261475
IRS990/OtherExpensesGrp/ProgramServicesAmt11067
IRS990/OtherExpensesGrp/ProgramServicesAmt290999
IRS990/OtherExpensesGrp/ProgramServicesAmt355365
IRS990/OtherExpensesGrp/TotalAmt0261475
IRS990/OtherExpensesGrp/TotalAmt1125988
IRS990/OtherExpensesGrp/TotalAmt290999
IRS990/OtherExpensesGrp/TotalAmt355365
IRS990/OtherLiabilitiesGrp/BOYAmt078542
IRS990/OtherLiabilitiesGrp/EOYAmt0212065
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt018418
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt018418
IRS990/OtherRevenueTotalAmt018418
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0547542
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01476653
IRS990/OtherSalariesAndWagesGrp/TotalAmt02024195
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt048497
IRS990/PayrollTaxesGrp/ProgramServicesAmt0108645
IRS990/PayrollTaxesGrp/TotalAmt0157142
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt057739
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0129347
IRS990/PensionPlanContributionsGrp/TotalAmt0187086
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0225851
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0275896
IRS990/PrincipalOfficerNm0LAGRA NEWMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04712908
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012268
IRS990/PYOtherExpensesAmt01942377
IRS990/PYOtherRevenueAmt051039
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0428234
IRS990/PYSalariesCompEmpBnftPaidAmt02405604
IRS990/PYTotalExpensesAmt04347981
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04776215
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0495011
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01393306
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01888317
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/BookValueAmt02901629
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0236619
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03138248
IRS990ScheduleD/EquipmentGrp/BookValueAmt034174
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0231400
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0265574
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04309678
IRS990ScheduleD/LandGrp/BookValueAmt0860000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0860000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0518416
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0518416
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0212065
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NET PENSION LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04804689
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03795803
IRS990ScheduleD/TotalExpensesPerForm990Amt04309678
IRS990ScheduleD/TotalLiabilityAmt0212065
IRS990ScheduleD/TotalRevenuePerForm990Amt04804689
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04804689
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04309678
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/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt05427192
IRS990/TotalAssetsEOYAmt06780437
IRS990/TotalAssetsGrp/BOYAmt05427192
IRS990/TotalAssetsGrp/EOYAmt06780437
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04766462
IRS990/TotalEmployeeCnt065
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt013165
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01465900
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02830613
IRS990/TotalFunctionalExpensesGrp/TotalAmt04309678
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04033886
IRS990/TotalLiabilitiesEOYAmt04892120
IRS990/TotalLiabilitiesGrp/BOYAmt04033886
IRS990/TotalLiabilitiesGrp/EOYAmt04892120

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,780,437
Liabilities
$4,892,120
Net assets
$1,888,317
Revenue
$4,804,689
Expenses
$4,309,678
Net income
$495,011
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
2020Detailed filing. Detailed filing data is available for this year.$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