Glendale Prepatory Academy
- Assets
- $3.7m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 09/2009
- Data as of
- 06/2021
- EIN
- 20-8760987
Organization Overview
Glendale Prepatory Academy is located in Phoenix, AZ. The organization was established in 2009. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glendale Prepatory Academy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Glendale Prepatory Academy generated $6.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $5.9m during the year ending 06/2021. While expenses have increased by 6.3% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
A GLENDALE PREPARATORY ACADEMY EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS AND BEAUTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A GLENDALE PREPARATORY ACADEMY EDUCATION PREPARES STUDENTS TO BE MORE THAN JUST PROFICIENT TEST TAKERS, BUT RATHER, TO BECOME GREAT-HEARTED LEADERS CAPABLE OF SUCCESS THROUGHOUT THEIR HIGHER EDUCATION AND PROFESSIONAL CAREERS. WITH A CURRICULUM BUILT UPON A CLASSICAL LIBERAL ARTS TRADITION AND A REVOLUTIONARY APPROACH TO SCHOOL ITSELF, GREAT HEARTS CULTIVATES THE HEARTS AND MINDS OF STUDENTS IN THE PURSUIT OF TRUTH, GOODNESS AND BEAUTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Tirone Vice Preside | OfficerTrustee | 2 | $0 |
Robert Mulhern President | OfficerTrustee | 2 | $0 |
Diane Bishop Secretary | OfficerTrustee | 2 | $0 |
Kyle Navarrette Headmaster | Officer | 40 | $0 |
Christofer Pereyra Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $425,111 |
| All other contributions, gifts, grants, and similar amounts not included above | $583,325 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,008,436 |
| Total Program Service Revenue | $5,291,527 |
| Investment income | $1,830 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $14,382 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,414,324 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $107,302 |
| Compensation of current officers, directors, key employees. | $15,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,691,161 |
| Pension plan accruals and contributions | $38,212 |
| Other employee benefits | $454,589 |
| Payroll taxes | $212,755 |
| Fees for services: Management | $496,532 |
| Fees for services: Legal | $6,270 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,591 |
| Advertising and promotion | $0 |
| Office expenses | $15,332 |
| Information technology | $57,009 |
| Royalties | $0 |
| Occupancy | $744,797 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $31,641 |
| Insurance | $0 |
| All other expenses | $174,437 |
| Total functional expenses | $5,908,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,918,909 |
| Savings and temporary cash investments | $1,361,892 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $174,299 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $106,159 |
| Net Land, buildings, and equipment | $176,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,738,147 |
| Accounts payable and accrued expenses | $163,542 |
| Grants payable | $0 |
| Deferred revenue | $39,847 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $269,196 |
| Total liabilities | $472,585 |
| Net assets without donor restrictions | $3,170,846 |
| Net assets with donor restrictions | $94,716 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,738,147 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Glendale Prepatory Academy has recieved totaling $15,526.
| Awarding Organization | Amount |
|---|---|
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $7,633 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $1,500 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $1,300 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $894 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $894 |
American Express Foundation New York, NY PURPOSE: GENERAL SUPPORT | $894 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
College Preparatory School Oakland, CA | $86,770,968 | $29,982,508 |
De Toledo High School West Hills, CA | $54,114,350 | $20,796,544 |
Santa Fe Preparatory School Santa Fe, NM | $79,113,849 | $36,111,805 |
Fountain Valley School Of Colorado Colorado Springs, CO | $92,362,981 | $24,818,046 |
Los Angeles Leadership Academy Los Angeles, CA | $13,675,392 | $17,033,455 |
Wasatch Academy Mt Pleasant, UT | $45,866,695 | $17,823,805 |
Dunn School Los Olivos, CA | $25,503,734 | $14,255,892 |
Maranatha High School Pasadena, CA | $37,804,147 | $15,687,230 |
Audeo Charter School San Diego, CA | $17,592,431 | $17,679,970 |
Cristo Rey San Jose High School San Jose, CA | $35,861,424 | $12,346,734 |
Monte Vista Christian School Inc Watsonville, CA | $36,645,188 | $14,491,760 |
Navajo Preparatory School Inc Farmington, NM | $37,567,327 | $9,309,197 |