Civic Intelligence

Waxahachie Preparatory Academy

EIN 75-2930870 • 501(c)3 • Waxahachie, TX

Profile

The organization is a school to provide a good education to children of christian families. The organization is operated exclusively for educational and religious purposes.

PO Box PWaxahachie, TX 75168

www.waxahachieprep.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.55x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

81st percentile

0.51x

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

37th percentile

-0.7%

Higher net margin than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-17%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-17%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,083,197

Down $225,075 (-17%) from 2023

Liabilities

Down

$594,210

Down $216,887 (-27%) from 2023

Net Assets

Down

$488,987

Down $8,188 (-1.6%) from 2023

Revenue

Down

$1,171,077

Down $237,079 (-17%) from 2023

Expenses

Up

$1,179,265

Up $33,094 (+2.9%) from 2023

Net Income

Down

-$8,188

Down $270,173 (-103%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0-$500KAssets 2011: $119,256Liabilities 2011: $114,104Net Assets 2011: $5,1522011Assets 2012: $140,975Liabilities 2012: $149,240Net Assets 2012: -$8,2652012Assets 2013: $138,454Liabilities 2013: $125,216Net Assets 2013: $13,2382013Assets 2014: $143,432Liabilities 2014: $143,686Net Assets 2014: -$2542014Assets 2015: $151,920Liabilities 2015: $196,015Net Assets 2015: -$44,0952015Assets 2016: $176,581Liabilities 2016: $254,794Net Assets 2016: -$78,2132016Assets 2017: $161,689Liabilities 2017: $223,519Net Assets 2017: -$61,8302017Assets 2018: $171,717Liabilities 2018: $219,548Net Assets 2018: -$47,8312018Assets 2019: $260,135Liabilities 2019: $307,940Net Assets 2019: -$47,8052019Assets 2020: $575,760Liabilities 2020: $583,512Net Assets 2020: -$7,7522020Assets 2021: $680,465Liabilities 2021: $584,699Net Assets 2021: $95,7662021Assets 2022: $975,958Liabilities 2022: $741,830Net Assets 2022: $234,1282022Assets 2023: $1,308,272Liabilities 2023: $811,097Net Assets 2023: $497,1752023Assets 2024: $1,083,197Liabilities 2024: $594,210Net Assets 2024: $488,9872024

Highlighted filing

2024

Assets$1,083,197
Liabilities$594,210
Net Assets$488,987

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2011: $498,2332011Expenses 2012: $604,4412012Expenses 2013: $682,5082013Revenue 2014: $713,029Expenses 2014: $724,603Net Income 2014: -$11,5742014Revenue 2015: $725,021Expenses 2015: $768,862Net Income 2015: -$43,8412015Revenue 2016: $901,456Expenses 2016: $927,480Net Income 2016: -$26,0242016Revenue 2017: $980,420Expenses 2017: $972,329Net Income 2017: $8,0912017Revenue 2018: $970,980Expenses 2018: $956,983Net Income 2018: $13,9972018Revenue 2019: $879,918Expenses 2019: $879,892Net Income 2019: $262019Revenue 2020: $855,070Expenses 2020: $815,017Net Income 2020: $40,0532020Revenue 2021: $898,086Expenses 2021: $794,568Net Income 2021: $103,5182021Revenue 2022: $1,071,235Expenses 2022: $932,873Net Income 2022: $138,3622022Revenue 2023: $1,408,156Expenses 2023: $1,146,171Net Income 2023: $261,9852023Revenue 2024: $1,171,077Expenses 2024: $1,179,265Net Income 2024: -$8,1882024

Highlighted filing

2024

Revenue$1,171,077
Expenses$1,179,265
Net Income-$8,188

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.08$0.59$0.49$1.17$1.18$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.31$0.81$0.50$1.41$1.15$0.26
2022Detailed filing. Detailed filing data is available for this year.$0.98$0.74$0.23$1.07$0.93$0.14
2021Detailed filing. Detailed filing data is available for this year.$0.68$0.58$0.10$0.90$0.79$0.10
2020Detailed filing. Detailed filing data is available for this year.$0.58$0.58$0.01$0.86$0.82$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.26$0.31$0.05$0.88$0.88$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.17$0.22$0.05$0.97$0.96$0.01
2017Detailed filing. Detailed filing data is available for this year.$0.16$0.22$0.06$0.98$0.97$0.01
2016Detailed filing. Detailed filing data is available for this year.$0.18$0.25$0.08$0.90$0.93$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.15$0.20$0.04$0.73$0.77$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.14$0.00$0.71$0.72$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.13$0.01$0.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.15$0.01$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.12$0.11$0.01$0.50
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$1,181,913
Mission and Program Overview

Mission

The organization is a school to provide a good education to children of christian families. The organization is operated exclusively for educational and religious purposes.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$821,984$939,741▲ $117,757
Accounts Receivable$380,894$39,308▼ $341,586
Prepaid Expenses and Deferred Charges$7,476$7,129▼ $347
Land, Buildings, and Equipment, Net$900$0▼ $900
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$1,308,272$1,083,197▼ $225,075
Other Assets Total$97,018$97,019▲ $1
Liabilities
Deferred Revenue$712,751$493,943▼ $218,808
Other Liabilities$97,018$97,018→ $0
Accounts Payable and Accrued Expenses$1,328$3,249▲ $1,921
Total Liabilities$811,097$594,210▼ $216,887
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$497,175$488,987▼ $8,188
Total Net Assets Fund Balance$497,175$488,987▼ $8,188
Total Liabilities and Net Assets / Fund Balance$1,308,272$1,083,197▼ $225,075

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$16,314$16,314
Other Assets Org$1--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Luke ProhaskaChairman
Allison BalthropBoard Member
Jonathan SchrodtBoard Member
Lynette GreenBoard Member
Misty StroderBoard Member
Phillip TaftBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$58,096
Program Service Revenue
$1,077,965
Investment Income
$0
Other Revenue
$35,016
All Other Contributions
$58,096
Change in Net Assets
$-8,188
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$824,864
Other Expenses$354,401
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$618,648$206,216-$824,864
All Other Expenses$36,638$27,765-$64,403
Information Technology$56,340$5,580-$61,920
Occupancy$51,155$7,436-$58,591
Other Expenses$26,372$8,831-$26,372
Advertising$22,525--$22,525
Fees for Services Accounting-$12,031-$12,031
Insurance$1,534$3,753-$5,287
Depreciation Depletion-$900-$900
Total Functional Expenses$906,753$272,512$0$1,179,265
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$45,852
Fundraising Direct Expenses$10,836
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Events$45,852$45,852$10,836$35,016
Total Events$45,852$45,852$10,836$35,016
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$97,018
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
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

Board Approval is needed before filing.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Waxahachie Preparatory Academy
EIN
75-2930870
Phone
9729370440
Address
PO Box P, Waxahachie, TX 75168

Signing Officer

Name
Luke Prohaska
Title
Chairman
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Luke Prohaska
Legal Domicile
TX
Voting Board Members
6
Independent Board Members
6
Employees
63

Preparer

Firm
Ywrd Pc
Address
611 S Clay, Ennis, TX 75119
Preparer
Taylor Strona CPA
Phone
9728782611
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IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07476
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07129
IRS990/PrincipalOfficerNm0Luke Prohaska
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0ADMINISTRATION FEES
IRS990/ProgramServiceRevenueGrp/Desc1ATHLETICS REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2CLASSROOM & SUPPLY FEES
IRS990/ProgramServiceRevenueGrp/Desc3TUITION
IRS990/ProgramServiceRevenueGrp/Desc4WARRIOR FAMILY ASSOC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt096201
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt127804
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt284675
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3850810
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt418475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt096201
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt127804
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt284675
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3850810
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt418475
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt082292
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0-30950
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0430689
IRS990/PYOtherRevenueAmt039745
IRS990/PYProgramServiceRevenueAmt01317069
IRS990/PYRevenuesLessExpensesAmt0261985
IRS990/PYSalariesCompEmpBnftPaidAmt0715482
IRS990/PYTotalExpensesAmt01146171
IRS990/PYTotalRevenueAmt01408156
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-8188
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01077965
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt058096
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt082292
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt052086
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0133541
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt048363
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0374378
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01123817
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01332403
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01024626
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0769306
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0810858
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt05061010
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt05435388
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01181913
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01414695
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01076712
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0902847
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0859221
IRS990ScheduleA/Total509Grp/TotalAmt05435388
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01181913
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01414695
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01076712
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0902847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0859221
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05435388
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/DepreciationAmt016314
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt016314
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt097018
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OPERATING LEASE RIGHT-OF-USE ASSET
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Rounding
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt097018
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/TotalBookValueOtherAssetsAmt097019
IRS990ScheduleD/TotalLiabilityAmt097018
IRS990ScheduleG/AgrmtProfFundraisingActyInd0false
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010836
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0EVENTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt045852
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt045852
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt045852
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt045852
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt035016
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt010836
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt010836
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board Approval is needed before filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01308272
IRS990/TotalAssetsEOYAmt01083197
IRS990/TotalAssetsGrp/BOYAmt01308272
IRS990/TotalAssetsGrp/EOYAmt01083197
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt058096
IRS990/TotalEmployeeCnt063
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0272512
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0906753
IRS990/TotalFunctionalExpensesGrp/TotalAmt01179265
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0811097
IRS990/TotalLiabilitiesEOYAmt0594210
IRS990/TotalLiabilitiesGrp/BOYAmt0811097
IRS990/TotalLiabilitiesGrp/EOYAmt0594210
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0497175
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0488987
IRS990/TotalProgramServiceExpensesAmt0906753
IRS990/TotalProgramServiceRevenueAmt01077965
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01077965
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01171077
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01308272
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01083197
IRS990/TravelGrp/TotalAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO Box P
IRS990/USAddress/CityNm0Waxahachie
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075168
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06

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