Civic Intelligence

Kenmore Preparatory Academy

EIN 83-4157641 • 501(c)3 • Toledo, OH

Profile

Our students are on a path toward college and career. We have high expectations for our students and offer a high level of support to help children reach their full potential. We individualize learning based on regular analysis of student progress throughout each school year, and our students are successful.

824 6th StreetToledo, OH 43605
Siviq Scores

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

Liabilities / Assets

96th percentile

1.42x

Higher debt load relative to assets than 96% of similar nonprofits.

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

Liabilities / Revenue

87th percentile

0.88x

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

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

Net Margin

9th percentile

-34%

Higher net margin than 9% of similar nonprofits.

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

Top Officer Pay

41st percentile

$875

Higher top officer pay than 41% of similar nonprofits.

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

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

Asset Growth

11th percentile

-19%

Faster asset growth than 11% of similar nonprofits.

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

Revenue Growth

35th percentile

-0.8%

Faster revenue growth than 35% of similar nonprofits.

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

Assets

Down

$3,027,717

Down $696,805 (-19%) from 2023

Liabilities

Up

$4,284,541

Up $976,195 (+30%) from 2023

Net Assets

Down

-$1,256,824

Down $1,673,000 (-402%) from 2023

Revenue

Down

$4,857,076

Down $39,636 (-0.8%) from 2023

Expenses

Up

$6,530,076

Up $1,195,556 (+22%) from 2023

Net Income

Down

-$1,673,000

Down $1,235,192 (-282%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2020: $376,501Liabilities 2020: $148,231Net Assets 2020: $228,2702020Assets 2021: $2,364,873Liabilities 2021: $1,955,289Net Assets 2021: $409,5842021Assets 2022: $3,659,388Liabilities 2022: $2,805,404Net Assets 2022: $853,9842022Assets 2023: $3,724,522Liabilities 2023: $3,308,346Net Assets 2023: $416,1762023Assets 2024: $3,027,717Liabilities 2024: $4,284,541Net Assets 2024: -$1,256,8242024

Highlighted filing

2024

Assets$3,027,717
Liabilities$4,284,541
Net Assets-$1,256,824

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2020: $2,501,323Expenses 2020: $2,273,053Net Income 2020: $228,2702020Revenue 2021: $4,229,777Expenses 2021: $4,048,463Net Income 2021: $181,3142021Revenue 2022: $5,566,448Expenses 2022: $5,122,048Net Income 2022: $444,4002022Revenue 2023: $4,896,712Expenses 2023: $5,334,520Net Income 2023: -$437,8082023Revenue 2024: $4,857,076Expenses 2024: $6,530,076Net Income 2024: -$1,673,0002024

Highlighted filing

2024

Revenue$4,857,076
Expenses$6,530,076
Net Income-$1,673,000

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 10, 2025
Return Version
2023v6.0
Gross Receipts
$4,857,076
Mission and Program Overview

Mission

Our students are on a path toward college and career. We have high expectations for our students and offer a high level of support to help children reach their full potential. We individualize learning based on regular analysis of student progress throughout each school year, and our students are successful.

Toledo Preparatory Academy is a learning community which values high expectations for both academics and behavior. Our staff embraces students, families, and communities to build and develop well-rounded individuals who are independent critical thinkers and intrinsically motivated to be life-long learners. We believe that all children can learn as we seek to make a difference in the lives of our students.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,079,143$467,862▼ $611,281
Land, Buildings, and Equipment, Net$317,865$324,298▲ $6,433
Pledges and Grants Receivable$110,811$162,648▲ $51,837
Prepaid Expenses and Deferred Charges$27,302--
Accounts Receivable$35,737$2,982▼ $32,755
Total Assets$3,724,522$3,027,717▼ $696,805
Other Assets Total$2,153,664$2,069,927▼ $83,737
Liabilities
Other Liabilities$3,080,940$3,493,683▲ $412,743
Accounts Payable and Accrued Expenses$227,406$790,858▲ $563,452
Total Liabilities$3,308,346$4,284,541▲ $976,195
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$416,176$-1,256,824▼ $1,673,000
Total Net Assets Fund Balance$416,176$-1,256,824▼ $1,673,000
Total Liabilities and Net Assets / Fund Balance$3,724,522$3,027,717▼ $696,805

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$20,604$191,360$0
Land$0-$0
Equipment$77,470$74,894$0
Leasehold Improvements$226,224$62,911$0
Other Assets Org$186,661--
Compensation and Service Providers

Employees

NameTitleBaseTotal
Shane LoganBoard President$875$875
Stacie KnappBoard Member$875$875
Robert LangfordBoard Member$750$750
Timothy MonacoBoard Member$375$375

Highest Paid Contractors

ContractorServicesLocationCompensation
Accel Schools IncEducation Management481 N Cleveland Massillon Rd, Fairlawn, OH 44333$1,136,420
Auxilio ServicesStudent Transportation2500 N Elgin Street, Muncie, IN 47303$377,555
Buckeye Community SchoolsSponsor4001 S Front Street, Fremont, OH 43420$342,516
Enable My ChildStudent Therapy Services3545 28th Street Fl 1, Astoria, NY 11106$186,926
St Aloysius OrphanageSponsor5050 Madison Road, Cincinnat, OH 45227$113,344
Revenue and Support

Revenue Composition

Contributions and Grants
$4,857,076
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,857,076
Change in Net Assets
$-1,673,000

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,857,076
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$4,857,076
Total Revenue per Form 990
$4,857,076
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,494,126
Salaries, Compensation, and Employee Benefits$3,035,950
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,968,383--$1,968,383
Occupancy$1,070,694--$1,070,694
Other Employee Benefits$1,067,567--$1,067,567
Other Expenses$724,835$0$0$724,835
Fees for Services Management$586,970--$586,970
Fees for Services Other$490,528--$490,528
Depreciation Depletion$106,770--$106,770
Advertising$46,747--$46,747
Fees for Services Legal$42,000--$42,000
Fees for Services Accounting$35,789--$35,789
Insurance$20,093--$20,093
All Other Expenses$13,301--$13,301
Total Functional Expenses$6,530,076$0$0$6,530,076

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,530,076
Total Expenses per Audited Statements$6,530,076
Total Expenses per Form 990$6,530,076
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Net Pension Liability$2,908,038
Deferred Inflows of Resources - OPEB$296,713
Deferred Inflows of Resources - Pension$174,025
Net OPEB Liability$114,907
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The school contracted with a management company, Accel Schools LLC, to provide certain administrative, instructional and financial services.

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

The Treasurer prepares the return and sends to the Board's legal counsel for review. Once reviewed, the Treasurer will sign and process the Form 990.

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

The governing board's conflict of interest policy is reviewed with new board members and the full governing board on a periodic basis. Governing board members and key personnel are expected to disclose any relationships that could potentially be perceived as a conflict of interest.

Form 990, Part VI, Section C, Line 19

The fiscal officer and board legal counsel maintain the governing documents, conflict of interest policy and financial statements and may be provided upon request.

Filing and Contact Details

Filer

Filer Name
Kenmore Preparatory Academy
EIN
83-4157641
Phone
4195740965
Address
824 6TH STREET, TOLEDO, OH 43605
Doing Business As
Toledo Preparatory Academy

Signing Officer

Name
C David Massa
Title
Treasurer
Phone
3305150572
Signed
2025-04-10

Organization Details

Principal Officer
C David Massa
Formed
2019
Legal Domicile
Oh
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0
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IRS990/PYRevenuesLessExpensesAmt0-437808
IRS990/PYSalariesCompEmpBnftPaidAmt02619321
IRS990/PYTotalExpensesAmt05334520
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04896712
IRS990/ReconcilationRevenueExpnssAmt0-1673000
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04857076
IRS990ScheduleA/SchoolInd0X
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EquipmentGrp/BookValueAmt077470
IRS990ScheduleD/EquipmentGrp/DepreciationAmt074894
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0152364
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06530076
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0226224
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt062911
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0289135
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0226256
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11657010
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2186661
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net OPEB Asset
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Outflows of Resources - Pension
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Deferred Outflows of Resources - OPEB
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020604
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0191360
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0211964
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02908038
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1114907
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2174025
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3296713
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Net Pension Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Net OPEB Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Deferred Inflows of Resources - Pension
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Deferred Inflows of Resources - OPEB
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04857076
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0324298
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02069927
IRS990ScheduleD/TotalExpensesPerForm990Amt06530076
IRS990ScheduleD/TotalLiabilityAmt03493683
IRS990ScheduleD/TotalRevenuePerForm990Amt04857076
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04857076
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06530076
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/ExplanationTxt0Posted on the school's website.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule E, Part I, Line 3
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The school contracted with a management company, Accel Schools LLC, to provide certain administrative, instructional and financial services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Treasurer prepares the return and sends to the Board's legal counsel for review. Once reviewed, the Treasurer will sign and process the Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The governing board's conflict of interest policy is reviewed with new board members and the full governing board on a periodic basis. Governing board members and key personnel are expected to disclose any relationships that could potentially be perceived as a conflict of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The fiscal officer and board legal counsel maintain the governing documents, conflict of interest policy and financial statements and may be provided upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section C, Line 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03724522
IRS990/TotalAssetsEOYAmt03027717
IRS990/TotalAssetsGrp/BOYAmt03724522
IRS990/TotalAssetsGrp/EOYAmt03027717
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt04857076
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt06530076
IRS990/TotalFunctionalExpensesGrp/TotalAmt06530076
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03308346
IRS990/TotalLiabilitiesEOYAmt04284541
IRS990/TotalLiabilitiesGrp/BOYAmt03308346
IRS990/TotalLiabilitiesGrp/EOYAmt04284541
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0416176
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1256824
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt06530076
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt02875
IRS990/TotalRevenueGrp/ExclusionAmt00

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