Civic Intelligence

Owasso Preparatory Academy Incorporated

990 • Fiscal year 2024 • EIN 81-3075864

Jul 01, 2023 to Jun 30, 2024 • Filed on Sep 10, 2024

Organization ProfileOWASSOPREP.ORG
PO Box 142Owasso, OK 74055

(918) 378-0344

Siviq Scores

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

Liabilities / Assets

89th percentile

0.71x

Higher debt load relative to assets than 89% of similar nonprofits.

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

Liabilities / Revenue

85th percentile

0.67x

Higher debt load relative to revenue than 85% of similar nonprofits.

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

Net Margin

31st percentile

-3.6%

Higher net margin than 31% of similar nonprofits.

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

Top Officer Pay

44th percentile

$32,815

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

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

Asset Growth

90th percentile

51%

Faster asset growth than 90% of similar nonprofits.

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

Revenue Growth

61st percentile

15%

Faster revenue growth than 61% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets89th percentile

Assets

Up

$1,271,091

Up $430,063 (+51%) from 2023

Net Assets

Down

$374,064

Down $45,975 (-11%) from 2023

Liabilities

Up

$897,027

Up $476,038 (+113%) from 2023

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin31st percentile

Revenue

Up

$1,345,022

Up $177,060 (+15%) from 2023

Expenses

Up

$1,393,258

Up $276,801 (+25%) from 2023

Net Income

Down

-$48,236

Down $99,741 (-194%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth90th percentile

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

$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

2024

Assets$1,271,091
Liabilities$897,027
Net Assets$374,064
Open 2024 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income across loaded years, with this 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

2024

Revenue$1,345,022
Expenses$1,393,258
Net Income-$48,236
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Sep 10, 2024
Return Version
2023v5.0
Gross Receipts
$1,345,022
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 university-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
Cash and Non-Interest-Bearing Accounts$730,104$636,270▼ $93,834
Savings and Temporary Cash Investments$1,007$501,419▲ $500,412
Land, Buildings, and Equipment, Net$80,818$72,795▼ $8,023
Prepaid Expenses and Deferred Charges$7,975$60,607▲ $52,632
Accounts Receivable$2,600$0▼ $2,600
Pledges and Grants Receivable-$0-
Total Assets$841,028$1,271,091▲ $430,063
Other Assets Total$18,524--
Liabilities
Deferred Revenue$402,164$897,027▲ $494,863
Accounts Payable and Accrued Expenses$18,825--
Total Liabilities$420,989$897,027▲ $476,038
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$382,494$217,519▼ $164,975
Net Assets With Donor Restrictions$37,545$156,545▲ $119,000
Total Net Assets Fund Balance$420,039$374,064▼ $45,975
Total Liabilities and Net Assets / Fund Balance$841,028$1,271,091▲ $430,063

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$19,892$29,724$0
Land$0-$0
Equipment$28,667$56,939$0
Leasehold Improvements$24,236$0$0
Compensation and Service Providers
Top Officer Pay44th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Tiffany RinasBoard OfficerFT$32,815$32,815

Board Members and Trustees

NameTitle
Chad ClassenBoard President and Chairman
Katie BaskinsBoard Vice President
Sommer ParschauerBoard Officer
Jake CrawfordBoard Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$204,070
Program Service Revenue
$1,140,540
Investment Income
$412
Other Revenue
$0
All Other Contributions
$130,877
Change in Net Assets
$-48,236
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,022,550
Other Expenses$370,708
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$932,057--$932,057
Payroll Taxes$76,967--$76,967
Occupancy$49,120--$49,120
Depreciation Depletion$29,724--$29,724
Fees for Services Management$18,090--$18,090
Insurance$17,294--$17,294
Office Expenses$15,869--$15,869
Other Expenses$15,613$0$0$15,613
Advertising$14,386--$14,386
Other Employee Benefits$13,526--$13,526
Fees for Services Other$12,807--$12,807
Conferences and Meetings$-1,451--$-1,451
Total Functional Expenses$1,393,258$0$0$1,393,258
Fundraising, Events, and Gaming
Fundraising activities
Yes
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

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Trivia Night$40,292$40,292$3,319$36,973
Walk-A-Thon$28,901$28,901$4,004$24,897
Total Events$69,193$69,193$7,323$61,870
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
Annual disclosure for covered persons
Yes
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
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 A, Line 2

“Craig and tiffany rinas, president and board officer, respectively, and founders of the school, are married.”

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 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
2024-09-10
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
78
Volunteers
5

Preparer

Firm
Luca Financial
Address
24285 Katy Fwy Ste 300, Katy, TX 77494
Preparer
Brett Arnold
Phone
2813058013
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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.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0Other Program Expenses
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt097836
IRS990/ProgSrvcAccomActyOtherGrp/GrantAmt00
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt085204
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt07
IRS990/PYOtherExpensesAmt0296218
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01082751
IRS990/PYRevenuesLessExpensesAmt051505
IRS990/PYSalariesCompEmpBnftPaidAmt0820239
IRS990/PYTotalExpensesAmt01116457
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01167962
IRS990/ReconcilationRevenueExpnssAmt0-48236
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01061785
IRS990/RoyaltiesRevenueGrp/ExclusionAmt00
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01007
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0501419
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt028667
IRS990ScheduleD/EquipmentGrp/DepreciationAmt056939
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt085606
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt024236
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt024236
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt019892
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt029724
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt049616
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/TotalBookValueLandBuildingsAmt072795
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/DirectExpenseSummaryEventsAmt07323
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/GrossReceiptsEvent1Amt028901
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt040292
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt069193
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt028901
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt040292
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt069193
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt061870
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt07323
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04004
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03319
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CRAIG AND TIFFANY RINAS, PRESIDENT AND BOARD OFFICER, RESPECTIVELY, AND FOUNDERS OF THE SCHOOL, ARE MARRIED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS REVIEW AND APPROVE A DRAFT OF THE 990 RETURN BEFORE IT IS FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 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/TotalAssetsBOYAmt0841028
IRS990/TotalAssetsEOYAmt01271091
IRS990/TotalAssetsGrp/BOYAmt0841028
IRS990/TotalAssetsGrp/EOYAmt01271091
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0204070
IRS990/TotalEmployeeCnt078
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01393258
IRS990/TotalFunctionalExpensesGrp/TotalAmt01393258
IRS990/TotalGrossUBIAmt0412
IRS990/TotalLiabilitiesBOYAmt0420989
IRS990/TotalLiabilitiesEOYAmt0897027
IRS990/TotalLiabilitiesGrp/BOYAmt0420989
IRS990/TotalLiabilitiesGrp/EOYAmt0897027
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0420039

Document Assets

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Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,271,091
Liabilities
$897,027
Net assets
$374,064
Revenue
$1,345,022
Expenses
$1,393,258
Net income
-$48,236
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.68$1.10$0.58$2.54$2.34$0.20
2024Detailed filing. Detailed filing data is available for this year.$1.27$0.90$0.37$1.35$1.39$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.84$0.42$0.42$1.17$1.12$0.05
2022Detailed filing. Detailed filing data is available for this year.$0.70$0.32$0.37$1.06$0.95$0.11
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.36$0.26$0.92$0.72$0.20
2020Detailed filing. Detailed filing data is available for this year.$0.65$0.58$0.07$0.55$0.53$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.46$0.41$0.05$0.43$0.42$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.10$0.04$0.29$0.27$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.05$0.04$0.02$0.13$0.12$0.02