Civic Intelligence

Belton Preparatory Academy Inc

EIN 82-5507704 • 501(c)3 • Belton, SC

Profile

The mission of belton preparatory academy is to prepare its students to compete with integrity at the highest levels of academics.

200 Knights CourtBelton, SC 29627

www.beltonprep.us

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.90x

Higher debt load relative to assets than 92% of similar nonprofits.

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

Liabilities / Revenue

70th percentile

0.25x

Higher debt load relative to revenue than 70% of similar nonprofits.

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

Net Margin

25th percentile

-7.8%

Higher net margin than 25% 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

34th percentile

-1.0%

Faster asset growth than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Revenue Growth

75th percentile

28%

Faster revenue growth than 75% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Assets

Down

$888,143

Down $27,834 (-3.0%) from 2021

Liabilities

Up

$798,390

Up $86,544 (+12%) from 2021

Net Assets

Down

$89,753

Down $114,378 (-56%) from 2021

Revenue

Up

$3,234,117

Up $1,708,911 (+112%) from 2021

Expenses

Up

$3,487,138

Up $2,052,410 (+143%) from 2021

Net Income

Down

-$253,021

Down $343,499 (-380%) from 2021

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500KAssets 2019: $310,503Liabilities 2019: $331,204Net Assets 2019: -$20,7012019Assets 2021: $915,977Liabilities 2021: $711,846Net Assets 2021: $204,1312021Assets 2024: $888,143Liabilities 2024: $798,390Net Assets 2024: $89,7532024

Highlighted filing

2024

Assets$888,143
Liabilities$798,390
Net Assets$89,753

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2019: $846,070Expenses 2019: $866,714Net Income 2019: -$20,6442019Revenue 2021: $1,525,206Expenses 2021: $1,434,728Net Income 2021: $90,4782021Revenue 2024: $3,234,117Expenses 2024: $3,487,138Net Income 2024: -$253,0212024

Highlighted filing

2024

Revenue$3,234,117
Expenses$3,487,138
Net Income-$253,021

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jun 25, 2025
Return Version
2023v6.0
Gross Receipts
$3,234,117
Mission and Program Overview

Mission

The mission of belton preparatory academy (bpa) is to prepare its students to compete at the highest levels academics, with integrity, using a proven curriculum, core knowledge, and through the core programmatic feature of entrepreneurism used in tandem with an organized wellness program.

Belton preparatory academy is a tuition-free classical education charter school whose mission is to prepare its students to compete with integrity at the highest levels of academics.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$595,003$456,218▼ $138,785
Loans From Officers Directors$407,770$407,770→ $0
Cash and Non-Interest-Bearing Accounts$257,585$404,702▲ $147,117
Rtn Earn Endowment Incm Other Fnds$342,774$89,753▼ $253,021
Accounts Receivable$19,167$19,172▲ $5
Pledges and Grants Receivable$109,552$8,051▼ $101,501
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,094,586$888,143▼ $206,443
Other Assets Total$113,279$0▼ $113,279
Liabilities
Accounts Payable and Accrued Expenses$221,479$370,647▲ $149,168
Other Liabilities$117,440$0▼ $117,440
Deferred Revenue$5,123$19,973▲ $14,850
Total Liabilities$751,812$798,390▲ $46,578
Net Assets / Fund Balance
Total Net Assets Fund Balance$342,774$89,753▼ $253,021
Total Liabilities and Net Assets / Fund Balance$1,094,586$888,143▼ $206,443

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$440,747$308,927$749,674
Equipment$15,471$84,079$99,550
Compensation and Service Providers

Board Members and Trustees

NameTitle
Angie KingChair
Candace WhitfieldVice Chair
Blake CooperDirector
Ryan ButlerDirector
Zach MacinnisDirector
Amanda MossSecretary
Rachel SibilioTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Reason And RepublicManagement1650 E GREENVILLE ST STE H, Anderson, SC 29621$171,083
Revenue and Support

Revenue Composition

Contributions and Grants
$3,143,295
Program Service Revenue
$90,822
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-253,021

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,234,117
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,234,117
Total Revenue per Form 990
$3,234,117
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,892,910
Other Expenses$1,594,228
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,323,569$201,754-$1,525,323
Occupancy$728,225--$728,225
Other Employee Benefits$184,881$58,382-$243,263
Fees for Services Management-$172,923-$172,923
Fees for Services Other$130,681--$130,681
Payroll Taxes$108,280$16,044-$124,324
Fees for Services Legal-$68,258-$68,258
Fees for Services Accounting-$51,809-$51,809
Information Technology$36,219--$36,219
Other Expenses$46,144$19,803-$19,803
Insurance-$15,018-$15,018
All Other Expenses$5,470--$5,470
Travel$2,529$526-$3,055
Interest-$2,560-$2,560
Total Functional Expenses$2,818,062$669,076$0$3,487,138

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,487,138
Total Expenses per Audited Statements$3,487,138
Total Expenses per Form 990$3,487,138
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-See BelowManagement FeesYes$171,083

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$407,770$407,770→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
Yes
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

For july-november 2024, the school's management function was outsourced to reason and republic llc, an education management organization. Reason and republic llc was contracted to provide operations, marketing, human resources, finance, and technology support. The principal of belton preparatory academy, deirdre mccullough, was considered an employee of reason and republic llc and had reportable compensation during the year of $110,000.

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

The academy had no committees with authority to act on behalf of the governing body.

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

The form 990 will be reviewed by the board prior to filing.

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

Board members attend training provided by the south carolina department of education to make them aware of the rules they must adhere to.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Belton Preparatory Academy Inc
EIN
82-5507704
Phone
8643921173
Address
200 KNIGHTS COURT, BELTON, SC 29627

Signing Officer

Name
Rachel Sibilio
Title
Treasurer
Phone
8643921173
Signed
2025-06-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Angie King
Formed
2017
Legal Domicile
Sc
Voting Board Members
7
Independent Board Members
7
Employees
23
Volunteers
0

Preparer

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

Additional Explanations

Form 990 - General Information

Belton preparatory academy utilized a management company to manage school operations for july through november 2024. The management company held a significant amount of the financial records of the school. At the time of filing, the management company has not provided the school with all of its books and records. For this reason, there are items requested on form 990 that could not be provided due to lack of available records. The level of detail reported in part ix was limited as the school did not have access to more detailed records so it relied on the more summarized reporting available in the audited financial statements. The return is being filed with the most accurate information available at the time of filing.

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.

Raw XML AppendixShowing 400 of 423 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0221479
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0370647
IRS990/AccountsReceivableGrp/BOYAmt019167
IRS990/AccountsReceivableGrp/EOYAmt019172
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0BELTON PREPARATORY ACADEMY IS A TUITION-FREE CLASSICAL EDUCATION CHARTER SCHOOL WHOSE MISSION IS TO PREPARE ITS STUDENTS TO COMPETE WITH INTEGRITY AT THE HIGHEST LEVELS OF ACADEMICS.
IRS990/AllOtherExpensesGrp/ProgramServicesAmt05470
IRS990/AllOtherExpensesGrp/TotalAmt05470
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THE ORGANIZATION
IRS990/BooksInCareOfDetail/PhoneNum08643921173
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0200 KNIGHTS COURT
IRS990/BooksInCareOfDetail/USAddress/CityNm0BELTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0SC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd029627
IRS990/BusinessRlnWith35CtrlEntInd01
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0257585
IRS990/CashNonInterestBearingGrp/EOYAmt0404702
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractorCompensationGrp/CompensationAmt0171083
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01650 E GREENVILLE ST STE H
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0ANDERSON
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0SC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd029621
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0REASON AND REPUBLIC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt03143295
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt01594228
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt090822
IRS990/CYRevenuesLessExpensesAmt0-253021
IRS990/CYSalariesCompEmpBnftPaidAmt01892910
IRS990/CYTotalExpensesAmt03487138
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03234117
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt05123
IRS990/DeferredRevenueGrp/EOYAmt019973
IRS990/DelegationOfMgmtDutiesInd01
IRS990/Desc0BELTON PREPARATORY ACADEMY IS AN AWARD-WINNING TUITION-FREE CHARTER SCHOOL SERVING K5-7TH GRADE STUDENTS IN THE BELTON, SC, AREA. WE OFFER AN ACADEMICALLY RIGOROUS CLASSICAL EDUCATION CURRICULUM AND CHARACTER-BUILDING ACTIVITIES THAT INSPIRE ALL LEARNERS. STUDENTS ARE SUPPORTED BY A CLOSE-KNIT COMMUNITY OF CARING TEACHERS AND STAFF AND ENGAGED FAMILIES. THE ACADEMY SERVED APPROXIMATELY 290 STUDENTS DURING FY24.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt023
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt02818062
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt051809
IRS990/FeesForServicesAccountingGrp/TotalAmt051809
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt068258
IRS990/FeesForServicesLegalGrp/TotalAmt068258
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt0172923
IRS990/FeesForServicesManagementGrp/TotalAmt0172923
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0130681
IRS990/FeesForServicesOtherGrp/TotalAmt0130681
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0ANGIE KING
IRS990/Form990PartVIISectionAGrp/PersonNm1CANDACE WHITFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm2RACHEL SIBILIO
IRS990/Form990PartVIISectionAGrp/PersonNm3AMANDA MOSS
IRS990/Form990PartVIISectionAGrp/PersonNm4RYAN BUTLER
IRS990/Form990PartVIISectionAGrp/PersonNm5BLAKE COOPER
IRS990/Form990PartVIISectionAGrp/PersonNm6ZACH MACINNIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02017
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt03143295
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03234117
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt036219
IRS990/InformationTechnologyGrp/TotalAmt036219
IRS990/InsuranceGrp/ManagementAndGeneralAmt015018
IRS990/InsuranceGrp/TotalAmt015018
IRS990/InterestGrp/ManagementAndGeneralAmt02560
IRS990/InterestGrp/TotalAmt02560
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0393006
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0595003
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0456218
IRS990/LandBldgEquipCostOrOtherBssAmt0849224
IRS990/LegalDomicileStateCd0SC
IRS990/LoanOutstandingInd01
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt0407770
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0407770
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF BELTON PREPARATORY ACADEMY IS TO PREPARE ITS STUDENTS TO COMPETE WITH INTEGRITY AT THE HIGHEST LEVELS OF ACADEMICS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0342774
IRS990/NetAssetsOrFundBalancesEOYAmt089753
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0728225
IRS990/OccupancyGrp/TotalAmt0728225
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0113279
IRS990/OtherAssetsTotalGrp/EOYAmt00
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt058382
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0184881
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0243263
IRS990/OtherExpensesGrp/Desc0SMALL EQUIPMENT
IRS990/OtherExpensesGrp/Desc1DISTRICT FEE
IRS990/OtherExpensesGrp/Desc2STUDENT SUPPLIES & TEXT
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt061999
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt119803
IRS990/OtherExpensesGrp/ProgramServicesAmt0252064
IRS990/OtherExpensesGrp/ProgramServicesAmt146144
IRS990/OtherExpensesGrp/TotalAmt0252064
IRS990/OtherExpensesGrp/TotalAmt161999
IRS990/OtherExpensesGrp/TotalAmt246144
IRS990/OtherExpensesGrp/TotalAmt319803
IRS990/OtherLiabilitiesGrp/BOYAmt0117440
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0201754
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01323569
IRS990/OtherSalariesAndWagesGrp/TotalAmt01525323
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016044
IRS990/PayrollTaxesGrp/ProgramServicesAmt0108280
IRS990/PayrollTaxesGrp/TotalAmt0124324
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0109552
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt08051
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0ANGIE KING
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611710
IRS990/ProgramServiceRevenueGrp/BusinessCd1611710
IRS990/ProgramServiceRevenueGrp/Desc0OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/Desc1PUPIL ACTIVITY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt090817
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt15
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt090817
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt15
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt02639988
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt01224484
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt019398
IRS990/PYRevenuesLessExpensesAmt088925
IRS990/PYSalariesCompEmpBnftPaidAmt01345977
IRS990/PYTotalExpensesAmt02570461
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02659386
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-253021
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt090822
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0342774
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt089753
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt015471
IRS990ScheduleD/EquipmentGrp/DepreciationAmt084079
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt099550
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03487138
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0440747
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0308927
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0749674
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03234117
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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/TotalBookValueLandBuildingsAmt0456218
IRS990ScheduleD/TotalExpensesPerForm990Amt03487138
IRS990ScheduleD/TotalRevenuePerForm990Amt03234117
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03234117
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03487138
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd01
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd00
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0THE SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS LISTED ON ALL PRINTED REGISTRATION FORMS AS WELL AS ITS SCHOOL HOMEPAGE.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE SCHOOL DOES NOT OFFER SCHOLARSHIPS
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt2THE SCHOOL RECEIVES A SIGNIFICANT AMOUNT OF FEDERAL AND STATE REVENUE
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
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0REASON & REPUBLIC LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0SEE BELOW
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd01
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0171083
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0407770
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0REASON & REPUBLIC LLC
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0LEASEHOLD IMPROVEMENTS
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0541349
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt035% CONTROLLED
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0A FORMER DIRECTOR OF BELTON PREPARATORY ACADEMY, JAMES GALYEAN, HAS MORE THAN 35% OWNERSHIP INDIRECTLY OF REASON AND REPUBLIC LLC. THE ACADEMY ALSO HAS A NOTE PAYABLE TO REASON AND REPUBLIC LLC. THIS LOAN IS AT MARKET RATE AND WAS APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleL/TotalBalanceDueAmt0407770
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FOR JULY-NOVEMBER 2024, THE SCHOOL'S MANAGEMENT FUNCTION WAS OUTSOURCED TO REASON AND REPUBLIC LLC, AN EDUCATION MANAGEMENT ORGANIZATION. REASON AND REPUBLIC LLC WAS CONTRACTED TO PROVIDE OPERATIONS, MARKETING, HUMAN RESOURCES, FINANCE, AND TECHNOLOGY SUPPORT. THE PRINCIPAL OF BELTON PREPARATORY ACADEMY, DEIRDRE MCCULLOUGH, WAS CONSIDERED AN EMPLOYEE OF REASON AND REPUBLIC LLC AND HAD REPORTABLE COMPENSATION DURING THE YEAR OF $110,000.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ACADEMY HAD NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE REVIEWED BY THE BOARD PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD MEMBERS ATTEND TRAINING PROVIDED BY THE SOUTH CAROLINA DEPARTMENT OF EDUCATION TO MAKE THEM AWARE OF THE RULES THEY MUST ADHERE TO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5BELTON PREPARATORY ACADEMY UTILIZED A MANAGEMENT COMPANY TO MANAGE SCHOOL OPERATIONS FOR JULY THROUGH NOVEMBER 2024. THE MANAGEMENT COMPANY HELD A SIGNIFICANT AMOUNT OF THE FINANCIAL RECORDS OF THE SCHOOL. AT THE TIME OF FILING, THE MANAGEMENT COMPANY HAS NOT PROVIDED THE SCHOOL WITH ALL OF ITS BOOKS AND RECORDS. FOR THIS REASON, THERE ARE ITEMS REQUESTED ON FORM 990 THAT COULD NOT BE PROVIDED DUE TO LACK OF AVAILABLE RECORDS. THE LEVEL OF DETAIL REPORTED IN PART IX WAS LIMITED AS THE SCHOOL DID NOT HAVE ACCESS TO MORE DETAILED RECORDS SO IT RELIED ON THE MORE SUMMARIZED REPORTING AVAILABLE IN THE AUDITED FINANCIAL STATEMENTS. THE RETURN IS BEING FILED WITH THE MOST ACCURATE INFORMATION AVAILABLE AT THE TIME OF FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990 - GENERAL INFORMATION
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01094586
IRS990/TotalAssetsEOYAmt0888143
IRS990/TotalAssetsGrp/BOYAmt01094586
IRS990/TotalAssetsGrp/EOYAmt0888143
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt03143295
IRS990/TotalEmployeeCnt023
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0669076
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02818062
IRS990/TotalFunctionalExpensesGrp/TotalAmt03487138
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0751812
IRS990/TotalLiabilitiesEOYAmt0798390
IRS990/TotalLiabilitiesGrp/BOYAmt0751812
IRS990/TotalLiabilitiesGrp/EOYAmt0798390
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0342774
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt089753
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt02818062
IRS990/TotalProgramServiceRevenueAmt090822
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt090822
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt03234117
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01094586
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0888143
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt0526
IRS990/TravelGrp/ProgramServicesAmt02529
IRS990/TravelGrp/TotalAmt03055
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 KNIGHTS COURT
IRS990/USAddress/CityNm0BELTON
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029627
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.BELTONPREP.US
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0RACHEL SIBILIO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08643921173

Document Assets

No mirrored PDF or thumbnail assets are attached yet.