Civic Intelligence

Peace Preparatory Academy

990 • Fiscal year 2020 • EIN 46-1175947

Aug 01, 2019 to Jul 31, 2020 • Filed on Jun 13, 2021

Organization ProfileWWW.PEACEPREP.COM
881 North Avenue NWAtlanta, GA 30318

(470) 253-0826

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.21x

Higher debt load relative to assets than 63% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

53rd percentile

0.16x

Higher debt load relative to revenue than 53% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

81st percentile

30%

Higher net margin than 81% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

54th percentile

$70,000

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

96th percentile

168%

Faster asset growth than 96% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

94th percentile

118%

Faster revenue growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$1,432,425

Up $897,076 (+168%) from 2019

Net Assets

Up

$1,128,295

Up $592,946 (+111%) from 2019

Liabilities

Up

$304,130

Up $304,130 from 2019

Revenue And Expenses
Liabilities / Revenue53rd percentileNet Margin81st percentile

Revenue

Up

$1,912,975

Up $1,035,211 (+118%) from 2019

Expenses

Up

$1,333,231

Up $727,302 (+120%) from 2019

Net Income

Up

$579,744

Up $307,909 (+113%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth96th percentile

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

$3.0M$2.0M$1.0M$0Assets 2015: $139,759Liabilities 2015: $0Net Assets 2015: $139,7592015Assets 2016: $285,492Liabilities 2016: $0Net Assets 2016: $285,4922016Assets 2017: $309,578Liabilities 2017: $0Net Assets 2017: $309,5782017Assets 2018: $598,245Liabilities 2018: $0Net Assets 2018: $598,2452018Assets 2019: $535,349Liabilities 2019: $0Net Assets 2019: $535,3492019Assets 2020: $1,432,425Liabilities 2020: $304,130Net Assets 2020: $1,128,2952020Assets 2021: $1,908,765Liabilities 2021: $154,885Net Assets 2021: $1,753,8802021Assets 2022: $1,881,851Liabilities 2022: $138,171Net Assets 2022: $1,743,6802022Assets 2023: $2,723,652Liabilities 2023: $230,061Net Assets 2023: $2,493,5912023Assets 2024: $2,592,773Liabilities 2024: $379,830Net Assets 2024: $2,212,9432024

Highlighted filing

2020

Assets$1,432,425
Liabilities$304,130
Net Assets$1,128,295
Open 2020 Filing

Operations Trend

Revenue Growth94th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2015: $202,022Expenses 2015: $65,940Net Income 2015: $136,0822015Revenue 2016: $351,819Expenses 2016: $206,086Net Income 2016: $145,7332016Revenue 2017: $368,269Expenses 2017: $344,183Net Income 2017: $24,0862017Revenue 2018: $686,617Expenses 2018: $516,996Net Income 2018: $169,6212018Revenue 2019: $877,764Expenses 2019: $605,929Net Income 2019: $271,8352019Revenue 2020: $1,912,975Expenses 2020: $1,333,231Net Income 2020: $579,7442020Revenue 2021: $1,843,501Expenses 2021: $1,415,011Net Income 2021: $428,4902021Revenue 2022: $2,391,001Expenses 2022: $2,031,475Net Income 2022: $359,5262022Revenue 2023: $3,789,296Expenses 2023: $3,039,385Net Income 2023: $749,9112023Revenue 2024: $2,999,176Expenses 2024: $3,279,824Net Income 2024: -$280,6482024

Highlighted filing

2020

Revenue$1,912,975
Expenses$1,333,231
Net Income$579,744
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2019 to Jul 31, 2020
Signed
Jun 13, 2021
Return Version
2019v5.1
Gross Receipts
$1,912,975
Mission and Program Overview

Mission

Peace preparatory academy seeks to be a place that educates the whole child, supports the whole family, and provides growth and change opportunities for the whole community in a high quality, christ-centered learning environment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$157,747$1,310,024▲ $1,152,277
Rtn Earn Endowment Incm Other Fnds$535,349$1,128,295▲ $592,946
Cash and Non-Interest-Bearing Accounts$377,602$120,333▼ $257,269
Inventories for Sale or Use-$2,068-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$535,349$1,432,425▲ $897,076
Liabilities
Unsecured Notes Loans Payable-$191,374-
Other Liabilities$0$99,966▲ $99,966
Accounts Payable and Accrued Expenses-$12,790-
Total Liabilities$0$304,130▲ $304,130
Net Assets / Fund Balance
Total Net Assets Fund Balance$535,349$1,128,295▲ $592,946
Total Liabilities and Net Assets / Fund Balance$535,349$1,432,425▲ $897,076

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,310,024-$1,310,024
Compensation and Service Providers
Top Officer Pay54th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Benjamin WillsFounder, Ex-oficioFT$70,000$70,000

Board Members and Trustees

NameTitle
Josh RobinsonBoard Chair
Gloria CoxBoard Vice-chair
Bobby ScottBoard Member
Davis MitchellBoard Member
Drew HenleyBoard Member
Garin NarainBoard Member
Kimberly GillespieBoard Member
Kyle FrancisBoard Member
Lee TorrenceBoard Member
Marcus HollingerBoard Member
Mike DavisBoard Member
Ryan WilsonBoard Member
Steve HuffordBoard Member
Tedashii AndersonBoard Member
Robin MerrillSecretary
Andrew CaseTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,907,235
Program Service Revenue
$5,740
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,657,235
Change in Net Assets
$579,744
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,077,384
Other Expenses$255,847
Total Fundraising Expense$70,129
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$554,500$198,036$39,607$792,143
Other Employee Benefits$101,816$36,363$7,273$145,452
Payroll Taxes$97,853$34,947$6,989$139,789
Occupancy$61,469$21,953$4,391$87,813
Insurance$18,876$6,741$1,348$26,965
Fees for Services Accounting$6,519$2,328$466$9,313
Other Expenses$4,932$1,761$352$7,045
Interest$3,226$1,152$230$4,608
All Other Expenses$516$184$3,686$4,386
Office Expenses$1,971$704$141$2,816
Total Functional Expenses$930,708$332,394$70,129$1,333,231
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
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
Line of Credit$99,954
Other Current Liability$12
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
Yes
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

“A full copy of the form 990 is made available to all board members, and does not get filed until all members have given such consent.”

Form 990, Part VI, Section B, Line 15B

“The finance committee of the board proposes, annually, the salary for the founder. This compensation amount is an amount significantly below comparable salary amounts for equal position in other local schools.”

Form 990, Part VI, Section C, Line 19

“All applicable documents posted to our website timely.”

Filing and Contact Details

Filer

Filer Name
Peace Preparatory Academy Inc
EIN
46-1175947
Phone
4702530826
Address
881 NORTH AVENUE NW, ATLANTA, GA 30318

Signing Officer

Name
Benjamin Wills
Title
Founder, Head of School
Phone
9725714470
Signed
2021-06-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Benjamin Wills
Formed
2012
Legal Domicile
Ga
Voting Board Members
17
Independent Board Members
16
Employees
0
Volunteers
0

Preparer

Firm
Frazier & Deeter LLC
Address
1230 PEACHTREE STREET NE SUITE 1500, ATLANTA, GA 30309
Preparer
Andrew Case
Phone
4042537500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Audit adjustment (opening equity) 13,202.”

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IRS990/OccupancyGrp/TotalAmt087813
IRS990/OfficeExpensesGrp/FundraisingAmt0141
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0704
IRS990/OfficeExpensesGrp/ProgramServicesAmt01971
IRS990/OfficeExpensesGrp/TotalAmt02816
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt013202
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt07273
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt036363
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0101816
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0145452
IRS990/OtherExpensesGrp/Desc0GENERAL & ADMINISTRATIO
IRS990/OtherExpensesGrp/Desc1DIRECT PROGRAM EXPENDIT
IRS990/OtherExpensesGrp/Desc2FOOD SERVICES
IRS990/OtherExpensesGrp/Desc3DONOR FEES
IRS990/OtherExpensesGrp/FundraisingAmt02371
IRS990/OtherExpensesGrp/FundraisingAmt12108
IRS990/OtherExpensesGrp/FundraisingAmt21167
IRS990/OtherExpensesGrp/FundraisingAmt3352
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt011855
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110537
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25833
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31761
IRS990/OtherExpensesGrp/ProgramServicesAmt033195
IRS990/OtherExpensesGrp/ProgramServicesAmt129503
IRS990/OtherExpensesGrp/ProgramServicesAmt216332
IRS990/OtherExpensesGrp/ProgramServicesAmt34932
IRS990/OtherExpensesGrp/TotalAmt047421
IRS990/OtherExpensesGrp/TotalAmt142148
IRS990/OtherExpensesGrp/TotalAmt223332
IRS990/OtherExpensesGrp/TotalAmt37045
IRS990/OtherInd0X
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt099966
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt039607
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0198036
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0554500
IRS990/OtherSalariesAndWagesGrp/TotalAmt0792143
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06989
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt034947
IRS990/PayrollTaxesGrp/ProgramServicesAmt097853
IRS990/PayrollTaxesGrp/TotalAmt0139789
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BENJAMIN WILLS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611110
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05740
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05740
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0872007
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0178998
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05757
IRS990/PYRevenuesLessExpensesAmt0271835
IRS990/PYSalariesCompEmpBnftPaidAmt0426931
IRS990/PYTotalExpensesAmt0605929
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0877764
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0579744
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01912238
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0535349
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01128295
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01907235
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0877764
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0686617
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0368269
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0351819
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt04191704
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt04191704
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01907235
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0877764
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0686617
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0368269
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0351819
IRS990ScheduleA/Total509Grp/TotalAmt04191704
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01907235
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0877764
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0686617
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0368269
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0351819
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04191704
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/OtherLandBuildingsGrp/BookValueAmt01310024
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01310024
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt099954
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt112
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LINE OF CREDIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OTHER CURRENT LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01310024
IRS990ScheduleD/TotalLiabilityAmt099966
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A FULL COPY OF THE FORM 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS, AND DOES NOT GET FILED UNTIL ALL MEMBERS HAVE GIVEN SUCH CONSENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINANCE COMMITTEE OF THE BOARD PROPOSES, ANNUALLY, THE SALARY FOR THE FOUNDER. THIS COMPENSATION AMOUNT IS AN AMOUNT SIGNIFICANTLY BELOW COMPARABLE SALARY AMOUNTS FOR EQUAL POSITION IN OTHER LOCAL SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL APPLICABLE DOCUMENTS POSTED TO OUR WEBSITE TIMELY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AUDIT ADJUSTMENT (OPENING EQUITY) 13,202.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0GA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0535349
IRS990/TotalAssetsEOYAmt01432425
IRS990/TotalAssetsGrp/BOYAmt0535349
IRS990/TotalAssetsGrp/EOYAmt01432425
IRS990/TotalCompGreaterThan150KInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,432,425
Liabilities
$304,130
Net assets
$1,128,295
Revenue
$1,912,975
Expenses
$1,333,231
Net income
$579,744
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.59$0.38$2.21$3.00$3.28$0.28
2023Detailed filing. Detailed filing data is available for this year.$2.72$0.23$2.49$3.79$3.04$0.75
2022Detailed filing. Detailed filing data is available for this year.$1.88$0.14$1.74$2.39$2.03$0.36
2021Detailed filing. Detailed filing data is available for this year.$1.91$0.15$1.75$1.84$1.42$0.43
2020Detailed filing. Detailed filing data is available for this year.$1.43$0.30$1.13$1.91$1.33$0.58
2019Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.88$0.61$0.27
2018Detailed filing. Detailed filing data is available for this year.$0.60$0.00$0.60$0.69$0.52$0.17
2017Summary only. Only limited summary data is available for this year.$0.31$0.00$0.31$0.37$0.34$0.02
2016Summary only. Only limited summary data is available for this year.$0.29$0.00$0.29$0.35$0.21$0.15
2015Summary only. Only limited summary data is available for this year.$0.14$0.00$0.14$0.20$0.07$0.14