Civic Intelligence

Prestige Preparatory Academy

990 • Fiscal year 2017 • EIN 47-5305409

Jul 01, 2016 to Jun 30, 2017 • Filed on May 15, 2018

Organization ProfileWWW.PRESTIGEPREPARATORYACADEMY.COM
2415 Avenue FNorth Charleston, SC 29405

(843) 529-6016

Siviq Scores

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

Liabilities / Assets

99th percentile

2.61x

Higher debt load relative to assets than 99% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

74th percentile

0.19x

Higher debt load relative to revenue than 74% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

19th percentile

-12%

Higher net margin than 19% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

83rd percentile

$84,275

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.4% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets99th percentile

Assets

$59,352

No earlier filing loaded for comparison.

Net Assets

-$95,646

No earlier filing loaded for comparison.

Liabilities

$154,998

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue74th percentileNet Margin19th percentile

Revenue

$807,333

No earlier filing loaded for comparison.

Expenses

$902,980

No earlier filing loaded for comparison.

Net Income

-$95,647

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$200K$100K$0-$100K-$200KAssets 2017: $59,352Liabilities 2017: $154,998Net Assets 2017: -$95,6462017Assets 2018: $37,553Liabilities 2018: $162,363Net Assets 2018: -$124,8102018

Highlighted filing

2017

Assets$59,352
Liabilities$154,998
Net Assets-$95,646
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KRevenue 2017: $807,333Expenses 2017: $902,980Net Income 2017: -$95,6472017Revenue 2018: $964,680Expenses 2018: $993,843Net Income 2018: -$29,1632018

Highlighted filing

2017

Revenue$807,333
Expenses$902,980
Net Income-$95,647
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 15, 2018
Return Version
2016v3.0
Gross Receipts
$807,333
Mission and Program Overview

Mission

Prestige preparatory academy provides boys with a world-class learning opportunity by creating a nurturing and innovative environment, developing the core values of scholarship, integrity, and brotherhood by preparing our boys for lives of leadership in a rapidly changing world.

Prestige is a boys' academy with a teaching methodology designed to suit the way that boys learn.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$28,289-
Cash and Non-Interest-Bearing Accounts-$20,825-
Prepaid Expenses and Deferred Charges-$10,238-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$-95,646▼ $95,646
Total Assets$0$59,352▲ $59,352
Liabilities
Accounts Payable and Accrued Expenses-$120,670-
Deferred Revenue-$34,328-
Total Liabilities$0$154,998▲ $154,998
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$-95,646▼ $95,646
Total Liabilities and Net Assets / Fund Balance$0$59,352▲ $59,352
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeBaseTotal
Joyce ColemanExecutive DirectorFT$84,275$84,275

Board Members and Trustees

NameTitle
Sadie BrownBoard Chair
Willi GleeBoard Vice Chair
Adrienne RileyBoard Member
Edward McclainBoard Member
Rob HareBoard Member
Sharlene SmallsBoard Member
Jack FicklingSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$803,390
Program Service Revenue
$3,943
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,479
Change in Net Assets
$-95,647

Audited Revenue Reconciliation

Revenue per Audited Statements
$807,333
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$807,333
Total Revenue per Form 990
$807,333
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$472,814
Other Expenses$430,166
Total Fundraising Expense$20,891
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$230,405$114,033-$344,438
Current Officers, Directors, Trustees, and Key Employees$42,138$42,138-$84,276
Fees for Services Management$2,578$76,202-$78,780
Occupancy$58,014--$58,014
Office Expenses$19,035$28,382$3,913$51,330
Fees for Services Other$48,069$505-$48,574
Information Technology$34,184--$34,184
Payroll Taxes$19,737$11,578-$31,315
Advertising--$16,978$16,978
Other Employee Benefits$11,399$1,386-$12,785
Insurance-$9,605-$9,605
Travel$8,607--$8,607
Fees for Services Legal-$3,526-$3,526
Interest-$1,468-$1,468
Other Expenses$354--$354
Total Functional Expenses$593,266$288,823$20,891$902,980

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$902,980
Total Expenses per Audited Statements$902,980
Total Expenses per Form 990$902,980
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
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“THERE ARE NO COMMITTEES.”

Form 990, Part VI, Section B, Line 11B

“The 990 is reviewed by the executive director and the entire board prior to filing.”

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

“The executive director's salary is set by the board and is comparable to similar positions in charleston county, sc. There are no other compensated officers or key employees.”

Form 990, Part VI, Section C, Line 18

“Available upon written request”

Form 990, Part VI, Section C, Line 19

“These documents are not available to the public.”

Filing and Contact Details

Filer

Filer Name
Prestige Preparatory Academy
EIN
47-5305409
Phone
8435296016
Address
2415 AVENUE F, NORTH CHARLESTON, SC 29405

Signing Officer

Name
Joyce Coleman
Title
Exec Director
Phone
8435296016
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joyce Coleman
Formed
2015
Legal Domicile
Sc
Voting Board Members
8
Independent Board Members
8
Employees
26
Volunteers
15

Preparer

Firm
Martin Smith & Company Cpas Pa
Address
1212 HAYWOOD ROAD BLDG 100, GREENVILLE, SC 29615-2200
Preparer
David a Smith
Phone
8642321040
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“ROUNDING 1.”

Financial Statement Notes

PART X, LINE 2:

“The financial statements were prepared in accordance with governmental accounting standards, which does not require the adoption of fin 48.”

Schedule D, Page 4, Part XIII

“Fin 48 the financial statements were prepared in accordance with governmental accounting standards, which does not require the adoption of fin 48.”

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS, WHICH DOES NOT REQUIRE THE ADOPTION OF FIN 48.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FIN 48 THE FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH GOVERNMENTAL ACCOUNTING STANDARDS, WHICH DOES NOT REQUIRE THE ADOPTION OF FIN 48.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
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IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0INFORMATION IS PROVIDED ON THE SCHOOL'S WEBSITE. THE SCHOOL IS A PUBLIC SCHOOL AND ABIDES BY ALL STATE AND FEDERAL REGULATIONS REGARDING DISCRIMINATION.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1LINE 4B - THE ORGANIZATION IS A PUBLIC CHARTER SCHOOL. THEREFORE, IT DOES NOT OFFER SCHOLARSHIPS OR FINANCIAL AID.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2LINE 6A - THE SCHOOL RECEIVES A SIGNIFICANT PORTION OF ITS SUPPORT FROM GOVERNMENTAL UNITS, INCLUDING $799,911 FROM STATE AND FEDERAL SOURCES.
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/ExplanationTxt0THERE ARE NO COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND THE ENTIRE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR'S SALARY IS SET BY THE BOARD AND IS COMPARABLE TO SIMILAR POSITIONS IN CHARLESTON COUNTY, SC. THERE ARE NO OTHER COMPENSATED OFFICERS OR KEY EMPLOYEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3AVAILABLE UPON WRITTEN REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ROUNDING 1.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
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IRS990/TotalAssetsGrp/BOYAmt00
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IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0803390
IRS990/TotalEmployeeCnt026
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt020891
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0288823
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0593266
IRS990/TotalFunctionalExpensesGrp/TotalAmt0902980
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0154998
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-95646
IRS990/TotalOtherCompensationAmt00
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IRS990/TotalProgramServiceRevenueAmt03943
IRS990/TotalReportableCompFromOrgAmt084275
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03943
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0807333
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
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IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
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IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TravelGrp/TotalAmt08607
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
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IRS990/USAddress/StateAbbreviationCd0SC
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IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.PRESTIGEPREPARATORYACADEMY.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOYCE COLEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXEC DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum08435296016
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRESTIGE PREPARATORY ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PRES
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ReturnHeader/Filer/USAddress/CityNm0NORTH CHARLESTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0SC
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ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId04517C7DD143F16ED48EFA50BDCF18107B6D33684
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId04517C7DD143F16ED48EFA50BDCF18107B6D33684
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt012.22.144.82
ReturnHeader/FilingSecurityInformation/IPDt02018-05-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm011:54:55
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0260793942
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MARTIN SMITH & COMPANY CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01212 HAYWOOD ROAD BLDG 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GREENVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0SC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0296152200
ReturnHeader/PreparerPersonGrp/PhoneNum08642321040
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID A SMITH
ReturnHeader/ReturnTs02018-05-15T20:37:46-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$59,352
Liabilities
$154,998
Net assets
-$95,646
Revenue
$807,333
Expenses
$902,980
Net income
-$95,647
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2018Detailed filing. Detailed filing data is available for this year.$0.38$1.62$1.25$9.65$9.94$0.29
2017Detailed filing. Detailed filing data is available for this year.$0.59$1.55$0.96$8.07$9.03$0.96