Civic Intelligence

Pre-K Preparatory Learning Academy Inc

990 • Fiscal year 2023 • EIN 47-5387642

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 20, 2024

Organization Profilewww.Preparatorylearningacademy.com
438 Prior Street NEGainesville, GA 30501

(678) 943-1237

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.38x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.38x

Higher debt load relative to revenue than 84% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

47th percentile

2.8%

Higher net margin than 47% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

87th percentile

$101,021

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 12.4% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

80th percentile

28%

Faster asset growth than 80% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

35th percentile

-2.0%

Faster revenue growth than 35% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets83rd percentile

Assets

Up

$820,623

Up $180,222 (+28%) from 2022

Net Assets

Up

$507,900

Up $22,507 (+4.6%) from 2022

Liabilities

Up

$312,723

Up $157,715 (+102%) from 2022

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin47th percentile

Revenue

Down

$816,170

Down $16,469 (-2.0%) from 2022

Expenses

Up

$793,663

Up $58,867 (+8.0%) from 2022

Net Income

Down

$22,507

Down $75,336 (-77%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth80th percentile

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

$1.0M$500K$0-$500KAssets 2016: $2,964Liabilities 2016: $4,013Net Assets 2016: -$1,0492016Assets 2017: $1,240Liabilities 2017: $24,679Net Assets 2017: -$23,4392017Assets 2018: $29,382Liabilities 2018: $54,953Net Assets 2018: -$25,5712018Assets 2019: $94,734Liabilities 2019: $26,583Net Assets 2019: $68,1512019Assets 2021: $546,372Liabilities 2021: $155,788Net Assets 2021: $390,5842021Assets 2022: $640,401Liabilities 2022: $155,008Net Assets 2022: $485,3932022Assets 2023: $820,623Liabilities 2023: $312,723Net Assets 2023: $507,9002023Assets 2024: $843,595Liabilities 2024: $300,082Net Assets 2024: $543,5132024

Highlighted filing

2023

Assets$820,623
Liabilities$312,723
Net Assets$507,900
Open 2023 Filing

Operations Trend

Revenue Growth35th percentile

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

$1.0M$500K$0-$500KRevenue 2016: $20,465Expenses 2016: $21,514Net Income 2016: -$1,0492016Revenue 2017: $190,977Expenses 2017: $207,562Net Income 2017: -$16,5852017Revenue 2018: $293,180Expenses 2018: $295,312Net Income 2018: -$2,1322018Revenue 2019: $463,469Expenses 2019: $369,747Net Income 2019: $93,7222019Revenue 2021: $671,136Expenses 2021: $463,818Net Income 2021: $207,3182021Revenue 2022: $832,639Expenses 2022: $734,796Net Income 2022: $97,8432022Revenue 2023: $816,170Expenses 2023: $793,663Net Income 2023: $22,5072023Revenue 2024: $828,279Expenses 2024: $792,666Net Income 2024: $35,6132024

Highlighted filing

2023

Revenue$816,170
Expenses$793,663
Net Income$22,507
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 20, 2024
Return Version
2023v5.1
Gross Receipts
$816,170
Mission and Program Overview

Mission

Give children the tools they need to prepare them for tommorrow

The mission of Pre-K Preparatory Learning Academy, Inc. is to educate young children today by giving them the tools they need for a successful tomorrow.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$485,393$507,900▲ $22,507
Cash and Non-Interest-Bearing Accounts$379,260$332,967▼ $46,293
Investments Other Securities-$195,000-
Investments in Publicly Traded Securities$100,544$100,544→ $0
Accounts Receivable$36,568$12,851▼ $23,717
Total Assets$640,401$820,623▲ $180,222
Other Assets Total$124,029$179,261▲ $55,232
Liabilities
Other Liabilities$144,336$303,565▲ $159,229
Accounts Payable and Accrued Expenses$10,672$9,158▼ $1,514
Total Liabilities$155,008$312,723▲ $157,715
Net Assets / Fund Balance
Total Net Assets Fund Balance$485,393$507,900▲ $22,507
Total Liabilities and Net Assets / Fund Balance$640,401$820,623▲ $180,222

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$179,261--
Other Securities$195,000--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Arbendette VanPresidentFT$101,021$101,021

Board Members and Trustees

NameTitle
Tamiko CondollVice President
Jeremiah BiountTrustee
Patricia M ColeTrustee
Morgan BellSecretary
Jill AveryTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$92,934
Program Service Revenue
$620,393
Investment Income
$0
Other Revenue
$102,843
Change in Net Assets
$22,507
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$402,282
Other Expenses$387,539
Grants and Similar Amounts Paid$3,842
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$243,772--$243,772
All Other Expenses$168,126$2,665-$170,791
Current Officers, Directors, Trustees, and Key Employees-$101,021-$101,021
Other Expenses$54,430--$54,430
Other Employee Benefits$31,001--$31,001
Depreciation Depletion$27,524--$27,524
Payroll Taxes$26,488--$26,488
Fees for Services Accounting-$15,097-$15,097
Information Technology-$13,655-$13,655
Interest$12,018--$12,018
Insurance$9,297--$9,297
Grants to Domestic Orgs$3,842--$3,842
Advertising$3,704--$3,704
Office Expenses$782--$782
Total Functional Expenses$661,225$132,438$0$793,663
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
Erc Refund$159,229
Sba Eidl Loan$144,336
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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

Officer directors etc family relationship Part VI line 2

“Among the board members, there is a married couple.”

Members or stockholder classes and rights Part VI line 6

“The organization has members who play a governance role. These members have specific rights as outlined in the organizations bylaws, including the ability to vote on important matters such as the election of the board of directors, amendments to the bylaws, and other significant decisions affecting the organization. The members ensure that the organization remains aligned with its mission and objectives, providing oversight and strategic guidance.”

Member election for additional members Part VI line 7A

“The organizations members have the right, as outlined in the bylaws, to elect or appoint members of the board of directors. This process ensures that the governing body is comprised of individuals who support and advance the organizations mission. Elections or appointments are conducted in accordance with the procedures established in the bylaws, which may include regular elections during the annual meeting or appointments to fill vacancies as they arise.”

Form 990 governing body review Part VI line 11

“The tax return was thoroughly reviewed by the president prior to filing.”

CEO executive director top management comp Part VI line 15A

“There are no conflicts of interest.”

Governing documents etc available to public Part VI line 19

“The 990 tax return and all schedules are available to the public.”

Filing and Contact Details

Filer

Filer Name
Pre-k Preparatory Learning Academy
EIN
47-5387642
Address
438 PRIOR STREET NE, Gainesville, GA 30501

Signing Officer

Name
Arbendette VAN
Title
President
Phone
6789431237
Signed
2024-10-20
Discuss with paid preparer
No

Organization Details

Formed
2016
Legal Domicile
Ga
Voting Board Members
5
Independent Board Members
0
Employees
33

Preparer

Firm
Mma CPA
Address
160 CLAIREMONT AVE STE 200, DECATUR, GA 30030
Preparer
Mohamed Aalen
Phone
4045676688
Supplemental Narrative

Additional Explanations

List of other expenses Part IX line 24E

“All other expenses are reported on line 24e and are related to the provision of daycare services.”

Raw XML Appendix344 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AMONG THE BOARD MEMBERS, THERE IS A MARRIED COUPLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION HAS MEMBERS WHO PLAY A GOVERNANCE ROLE. THESE MEMBERS HAVE SPECIFIC RIGHTS AS OUTLINED IN THE ORGANIZATIONS BYLAWS, INCLUDING THE ABILITY TO VOTE ON IMPORTANT MATTERS SUCH AS THE ELECTION OF THE BOARD OF DIRECTORS, AMENDMENTS TO THE BYLAWS, AND OTHER SIGNIFICANT DECISIONS AFFECTING THE ORGANIZATION. THE MEMBERS ENSURE THAT THE ORGANIZATION REMAINS ALIGNED WITH ITS MISSION AND OBJECTIVES, PROVIDING OVERSIGHT AND STRATEGIC GUIDANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS MEMBERS HAVE THE RIGHT, AS OUTLINED IN THE BYLAWS, TO ELECT OR APPOINT MEMBERS OF THE BOARD OF DIRECTORS. THIS PROCESS ENSURES THAT THE GOVERNING BODY IS COMPRISED OF INDIVIDUALS WHO SUPPORT AND ADVANCE THE ORGANIZATIONS MISSION. ELECTIONS OR APPOINTMENTS ARE CONDUCTED IN ACCORDANCE WITH THE PROCEDURES ESTABLISHED IN THE BYLAWS, WHICH MAY INCLUDE REGULAR ELECTIONS DURING THE ANNUAL MEETING OR APPOINTMENTS TO FILL VACANCIES AS THEY ARISE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE TAX RETURN WAS THOROUGHLY REVIEWED BY THE PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THERE ARE NO CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 990 TAX RETURN AND ALL SCHEDULES ARE AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ALL OTHER EXPENSES ARE REPORTED ON LINE 24E AND ARE RELATED TO THE PROVISION OF DAYCARE SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Officer directors etc family relationship Part VI line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6List of other expenses Part IX line 24e
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IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0640401
IRS990/TotalAssetsEOYAmt0820623
IRS990/TotalAssetsGrp/BOYAmt0640401
IRS990/TotalAssetsGrp/EOYAmt0820623
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt092934
IRS990/TotalEmployeeCnt033
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0132438
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0661225
IRS990/TotalFunctionalExpensesGrp/TotalAmt0793663
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0155008
IRS990/TotalLiabilitiesEOYAmt0312723
IRS990/TotalLiabilitiesGrp/BOYAmt0155008
IRS990/TotalLiabilitiesGrp/EOYAmt0312723
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0485393
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0507900
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0661225
IRS990/TotalProgramServiceRevenueAmt0620393
IRS990/TotalReportableCompFromOrgAmt0101021
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0723236
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0816170
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0640401
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0820623
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0www.Preparatorylearningacademy.com
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Arbendette VAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06789431237
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-10-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRE-K PREPARATORY LEARNING ACADEMY
ReturnHeader/Filer/BusinessNameControlTxt0PRE-
ReturnHeader/Filer/EIN0475387642
ReturnHeader/Filer/USAddress/AddressLine1Txt0438 PRIOR STREET NE
ReturnHeader/Filer/USAddress/CityNm0Gainesville
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030501
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0271397505
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MMA CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0160 CLAIREMONT AVE STE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DECATUR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030030
ReturnHeader/PreparerPersonGrp/PhoneNum04045676688
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MOHAMED AALEN
ReturnHeader/ReturnTs02024-11-06T11:48:15-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$820,623
Liabilities
$312,723
Net assets
$507,900
Revenue
$816,170
Expenses
$793,663
Net income
$22,507
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.44$3.00$5.44$8.28$7.93$0.36
2023Detailed filing. Detailed filing data is available for this year.$8.21$3.13$5.08$8.16$7.94$0.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.40$1.55$4.85$8.33$7.35$0.98
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.46$1.56$3.91$6.71$4.64$2.07
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.27$0.68$4.63$3.70$0.94
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.29$0.55$0.26$2.93$2.95$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.25$0.23$1.91$2.08$0.17
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.03$0.04$0.01$0.20$0.22$0.01