Civic Intelligence

Owasso Preparatory Academy Incorporated

EIN 81-3075864 • 501(c)3 • Owasso, OK

Profile

Owasso preparatory academy is a private christian school in the university-model. The corporation's mission is to partner with parents to prepare students for higher education through exceptional academics, quality extra-curricular activities, and purposeful

PO Box 142Owasso, OK 74055

owassoprep.org

Siviq Scores

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

Liabilities / Assets

87th percentile

0.66x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

79th percentile

0.43x

Higher debt load relative to revenue than 79% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

57th percentile

8.0%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

85th percentile

32%

Faster asset growth than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

90th percentile

89%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$1,679,196

Up $408,105 (+32%) from 2024

Liabilities

Up

$1,102,307

Up $205,280 (+23%) from 2024

Net Assets

Up

$576,889

Up $202,825 (+54%) from 2024

Revenue

Up

$2,539,090

Up $1,194,068 (+89%) from 2024

Expenses

Up

$2,336,894

Up $943,636 (+68%) from 2024

Net Income

Up

$202,196

Up $250,432 (+519%) from 2024

Trend Graphs

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2017: $52,882Liabilities 2017: $35,542Net Assets 2017: $17,3402017Assets 2018: $144,252Liabilities 2018: $104,690Net Assets 2018: $39,5622018Assets 2019: $464,742Liabilities 2019: $413,769Net Assets 2019: $50,9732019Assets 2020: $649,680Liabilities 2020: $583,183Net Assets 2020: $66,4972020Assets 2021: $626,447Liabilities 2021: $362,652Net Assets 2021: $263,7952021Assets 2022: $695,869Liabilities 2022: $321,527Net Assets 2022: $374,3422022Assets 2023: $841,028Liabilities 2023: $420,989Net Assets 2023: $420,0392023Assets 2024: $1,271,091Liabilities 2024: $897,027Net Assets 2024: $374,0642024Assets 2025: $1,679,196Liabilities 2025: $1,102,307Net Assets 2025: $576,8892025

Highlighted filing

2025

Assets$1,679,196
Liabilities$1,102,307
Net Assets$576,889

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $132,898Expenses 2017: $115,558Net Income 2017: $17,3402017Revenue 2018: $293,660Expenses 2018: $271,437Net Income 2018: $22,2232018Revenue 2019: $429,183Expenses 2019: $417,772Net Income 2019: $11,4112019Revenue 2020: $546,251Expenses 2020: $530,727Net Income 2020: $15,5242020Revenue 2021: $918,202Expenses 2021: $720,904Net Income 2021: $197,2982021Revenue 2022: $1,057,777Expenses 2022: $947,230Net Income 2022: $110,5472022Revenue 2023: $1,167,962Expenses 2023: $1,116,457Net Income 2023: $51,5052023Revenue 2024: $1,345,022Expenses 2024: $1,393,258Net Income 2024: -$48,2362024Revenue 2025: $2,539,090Expenses 2025: $2,336,894Net Income 2025: $202,1962025

Highlighted filing

2025

Revenue$2,539,090
Expenses$2,336,894
Net Income$202,196

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Dec 1, 2025
Return Version
2024v5.0
Gross Receipts
$2,539,090
Mission and Program Overview

Mission

Owasso preparatory academy is a private christian school in the hybrid model. The corporation's mission is to partner with parents to prepare students for higher education through exceptional academics, quality extra-curricular activities, and purposeful

Owasso preparatory academy is a private christian school in the hybrid model. The corporation's mission is to partner with parents to prepare students for higher education through exceptional academics, quality extracurricular activities, and purposeful development of christ-like character.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$501,419$1,011,898▲ $510,479
Cash and Non-Interest-Bearing Accounts$636,270$493,116▼ $143,154
Land, Buildings, and Equipment, Net$72,795$89,880▲ $17,085
Prepaid Expenses and Deferred Charges$60,607$44,542▼ $16,065
Accounts Receivable$0$2,225▲ $2,225
Pledges and Grants Receivable$0--
Total Assets$1,271,091$1,679,196▲ $408,105
Other Assets Total-$37,535-
Liabilities
Deferred Revenue$897,027$1,064,774▲ $167,747
Accounts Payable and Accrued Expenses-$37,533-
Total Liabilities$897,027$1,102,307▲ $205,280
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$217,519$424,344▲ $206,825
Net Assets With Donor Restrictions$156,545$152,545▼ $4,000
Total Net Assets Fund Balance$374,064$576,889▲ $202,825
Total Liabilities and Net Assets / Fund Balance$1,271,091$1,679,196▲ $408,105

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$8,291$0$0
Land$0-$0
Equipment$55,834$125,889$0
Leasehold Improvements$25,755$0$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Chad ClassenPresident
Katie BaskinsVice President
Lance GwartneyBoard Member
Sommer ParschauerSecretary
Jake CrawfordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$101,800
Program Service Revenue
$2,413,810
Investment Income
$23,480
Other Revenue
$0
All Other Contributions
$10,100
Change in Net Assets
$202,196
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,773,338
Other Expenses$556,398
Professional Fundraising Fees$7,158
Total Fundraising Expense$7,158
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,607,925--$1,607,925
Payroll Taxes$131,624--$131,624
Occupancy$59,685--$59,685
Other Expenses$49,691$0$0$49,691
Depreciation Depletion$39,226--$39,226
Other Employee Benefits$33,789--$33,789
Fees for Services Management-$32,015-$32,015
Office Expenses$24,315--$24,315
Insurance$21,897--$21,897
Fees for Services Other$18,466--$18,466
Advertising$16,326--$16,326
Fees for Services Professional Fundraising--$7,158$7,158
Travel$3,512--$3,512
Total Functional Expenses$2,297,721$32,015$7,158$2,336,894
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$7,158
Fundraising Direct Expenses$0
Fundraising Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Trivia Night$49,915$49,915$659$49,256
Walk a Thon$38,718$38,718$659$38,059
Total Events$88,633$88,633$1,318$87,315
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
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
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
Yes
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 members review and approve a draft of the 990 return before it is filed

Form 990, Part VI, Section B, Line 12C

PER SCHOOL GUIDELINES

Form 990, Part VI, Section B, Line 15

Reviewed each year by bod

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Owasso Preparatory Academy Incorporated
EIN
81-3075864
Phone
9183780344
Address
PO Box 142, OWASSO, OK 74055

Signing Officer

Name
Tiffany Rinas
Title
Director
Phone
9183780344
Signed
2025-12-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tiffany Rinas
Formed
2016
Legal Domicile
Ok
Voting Board Members
5
Independent Board Members
5
Employees
88
Volunteers
200

Preparer

Firm
Luca Financial
Address
24285 Katy Fwy Ste 300, Katy, TX 77494
Preparer
Brett Arnold
Phone
2813058013
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IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgSrvcAccomActy2Grp/Desc0OWASSO PREPARATORY ACADEMY OFFERS SEVERAL PROGRAMS FOR STUDENTS TO PARTICIPATE OUTSIDE THE CLASSROM TO EXTEND THEIR LIFE SKILLS. EXTRACURRICULAR PROGRAMS SUCH AS ATHLETICS, CLUBS AND OTHER ORGANIZATIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0137302
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt048149
IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other Program Expenses
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0106034
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0204070
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0412
IRS990/PYOtherExpensesAmt0370708
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01140540
IRS990/PYRevenuesLessExpensesAmt0-48236
IRS990/PYSalariesCompEmpBnftPaidAmt01022550
IRS990/PYTotalExpensesAmt01393258
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01345022
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0202196
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02431840
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0501419
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01011898
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt055834
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0125889
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0181723
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt025755
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt025755
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08291
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt08291
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt089880
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0AVAILABLE ON THE PUBLIC WEBSITE VIA LINK
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01318
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0WALK A THON
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TRIVIA NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt038718
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt049915
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt088633
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt038718
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt049915
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt088633
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt087315
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt01318
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0659
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt0659
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BOARD MEMBERS REVIEW AND APPROVE A DRAFT OF THE 990 RETURN BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PER SCHOOL GUIDELINES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2REVIEWED EACH YEAR BY BOD
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OK
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01271091
IRS990/TotalAssetsEOYAmt01679196

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