Civic Intelligence

Purpose Preparatory Academy Inc.

990 • Fiscal year 2022 • EIN 46-0693776

Jul 01, 2021 to Jun 30, 2022 • Filed on May 16, 2023

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

73rd percentile

0.44x

Higher debt load relative to assets than 73% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Liabilities / Revenue

72nd percentile

0.59x

Higher debt load relative to revenue than 72% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Net Margin

78th percentile

27%

Higher net margin than 78% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Top Officer Pay

36th percentile

$139,727

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2022

Asset Growth

80th percentile

19%

Faster asset growth than 80% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Revenue Growth

77th percentile

27%

Faster revenue growth than 77% of similar nonprofits.

2022 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets73rd percentile

Assets

Up

$10,740,534

Up $1,743,825 (+19%) from 2021

Net Assets

Up

$6,057,856

Up $2,164,738 (+56%) from 2021

Liabilities

Down

$4,682,678

Down $420,913 (-8.2%) from 2021

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin78th percentile

Revenue

Up

$7,881,900

Up $1,679,929 (+27%) from 2021

Expenses

Up

$5,717,162

Up $1,519,993 (+36%) from 2021

Net Income

Up

$2,164,738

Up $159,936 (+8.0%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth80th 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

2022

Assets$10,740,534
Liabilities$4,682,678
Net Assets$6,057,856
Open 2022 Filing

Operations Trend

Revenue Growth77th 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

2022

Revenue$7,881,900
Expenses$5,717,162
Net Income$2,164,738
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 16, 2023
Return Version
2021v4.2
Gross Receipts
$7,881,900
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.

Through rigorous curriculum, high-quality instruction, and positive character development, purpose preparatory academy charter school ensures that all knodergarten 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
Rtn Earn Endowment Incm Other Fnds$3,893,118$6,057,856▲ $2,164,738
Land, Buildings, and Equipment, Net$3,691,952$3,647,648▼ $44,304
Cash and Non-Interest-Bearing Accounts$3,142,643$3,088,579▼ $54,064
Accounts Receivable$507,646$2,449,534▲ $1,941,888
Prepaid Expenses and Deferred Charges$474,933$714,150▲ $239,217
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$8,996,709$10,740,534▲ $1,743,825
Other Assets Total$1,179,535$840,623▼ $338,912
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,294,523$3,165,742▼ $128,781
Deferred Revenue$1,310,181$935,331▼ $374,850
Accounts Payable and Accrued Expenses$168,887$301,605▲ $132,718
Grants Payable$330,000$280,000▼ $50,000
Total Liabilities$5,103,591$4,682,678▼ $420,913
Net Assets / Fund Balance
Total Net Assets Fund Balance$3,893,118$6,057,856▲ $2,164,738
Total Liabilities and Net Assets / Fund Balance$8,996,709$10,740,534▲ $1,743,825

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,754,108$397,958$3,152,066
Land$860,000-$860,000
Leasehold Improvements$0$518,416$518,416
Equipment$33,540$163,511$197,051
Other Land Buildings$0$110,971$110,971
Other Assets Org$56,037--
Compensation and Service Providers
Top Officer Pay36th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lagra NewmanHead of SchoolFT$136,132$3,595$139,727

Board Members and Trustees

NameTitle
Charlandra WatsonChair
Ryann CaseyVice Chair
Domonique TownsendDirector
Dr Jerri HaynesDirector
Kathy NelsonDirector
Lara HenleyDirector
Matt HancockDirector
Perry GoochDirector
Rohit PadmanabhanDirector
Sally NortonDirector
Amy BrownSecretary
Dale MitchellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,866,904
Program Service Revenue
$0
Investment Income
$6,757
Other Revenue
$8,239
All Other Contributions
$263,688
Change in Net Assets
$2,164,738

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,881,900
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,881,900
Total Revenue per Form 990
$7,881,900
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,117,240
Other Expenses$2,599,922
Total Fundraising Expense$20,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,635,413$795,329-$2,430,742
Fees for Services Management$319,155$438,713-$757,868
Other Employee Benefits$257,571$85,857-$343,428
Travel$298,213--$298,213
Occupancy$89,254$182,634-$271,888
Payroll Taxes$142,474$47,491-$189,965
Current Officers, Directors, Trustees, and Key Employees-$140,721-$140,721
Interest-$129,526-$129,526
Office Expenses-$117,548-$117,548
Other Expenses$111,336$278,598-$111,336
Depreciation Depletion$85,485$15,085-$100,570
Insurance-$49,245-$49,245
All Other Expenses$12,820-$20,788$33,608
Pension Plan Contributions$9,288$3,096-$12,384
Total Functional Expenses$3,412,531$2,283,843$20,788$5,717,162

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,717,162
Total Expenses per Audited Statements$5,717,162
Total Expenses per Form 990$5,717,162
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
2023-05-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lagra Newman
Formed
2012
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Crosslin Pllc
Address
3803 BEDFORD AVENUE SUITE 103, NASHVILLE, TN 37215
Preparer
Rodney C Brower
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/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/BOYAmt03294523
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03165742
IRS990/NetAssetsOrFundBalancesBOYAmt03893118
IRS990/NetAssetsOrFundBalancesEOYAmt06057856
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt0182634
IRS990/OccupancyGrp/ProgramServicesAmt089254
IRS990/OccupancyGrp/TotalAmt0271888
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0117548
IRS990/OfficeExpensesGrp/TotalAmt0117548
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01179535
IRS990/OtherAssetsTotalGrp/EOYAmt0840623
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt085857
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0257571
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0343428
IRS990/OtherExpensesGrp/Desc0FOOD SERVICES
IRS990/OtherExpensesGrp/Desc1OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc2INSTRUCTIONAL EXPENSES
IRS990/OtherExpensesGrp/Desc3STAFF DEVELOPMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0278598
IRS990/OtherExpensesGrp/ProgramServicesAmt0300064
IRS990/OtherExpensesGrp/ProgramServicesAmt14168
IRS990/OtherExpensesGrp/ProgramServicesAmt2147290
IRS990/OtherExpensesGrp/ProgramServicesAmt3111336
IRS990/OtherExpensesGrp/TotalAmt0300064
IRS990/OtherExpensesGrp/TotalAmt1282766
IRS990/OtherExpensesGrp/TotalAmt2147290
IRS990/OtherExpensesGrp/TotalAmt3111336
IRS990/OtherRevenueMiscGrp/BusinessCd0611110
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08239
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08239
IRS990/OtherRevenueTotalAmt08239
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0795329
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01635413
IRS990/OtherSalariesAndWagesGrp/TotalAmt02430742
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt047491
IRS990/PayrollTaxesGrp/ProgramServicesAmt0142474
IRS990/PayrollTaxesGrp/TotalAmt0189965
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03096
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt09288
IRS990/PensionPlanContributionsGrp/TotalAmt012384
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0474933
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0714150
IRS990/PrincipalOfficerNm0LAGRA NEWMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06195450
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05380
IRS990/PYOtherExpensesAmt01317705
IRS990/PYOtherRevenueAmt01141
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02004802
IRS990/PYSalariesCompEmpBnftPaidAmt02879464
IRS990/PYTotalExpensesAmt04197169
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06201971
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02164738
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt03893118
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt06057856
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/BookValueAmt02754108
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0397958
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03152066
IRS990ScheduleD/EquipmentGrp/BookValueAmt033540
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0163511
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0197051
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05717162
IRS990ScheduleD/LandGrp/BookValueAmt0860000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0860000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0518416
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0518416
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0692207
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt192379
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt256037
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET PENSION ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TCRS STABILIZATION RESERVE TRUST
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2OTHER CURRENT ASSETS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0110971
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0110971
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07881900
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03647648
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0840623
IRS990ScheduleD/TotalExpensesPerForm990Amt05717162
IRS990ScheduleD/TotalRevenuePerForm990Amt07881900
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07881900
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05717162
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/TotalAssetsBOYAmt08996709
IRS990/TotalAssetsEOYAmt010740534
IRS990/TotalAssetsGrp/BOYAmt08996709
IRS990/TotalAssetsGrp/EOYAmt010740534
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07866904
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020788
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02283843
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt03412531
IRS990/TotalFunctionalExpensesGrp/TotalAmt05717162
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05103591
IRS990/TotalLiabilitiesEOYAmt04682678
IRS990/TotalLiabilitiesGrp/BOYAmt05103591

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,740,534
Liabilities
$4,682,678
Net assets
$6,057,856
Revenue
$7,881,900
Expenses
$5,717,162
Net income
$2,164,738
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
2022Detailed filing. Detailed filing data is available for this year.$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