Arts In College Preparatory Academy
- Assets
- $12.5m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 01/2005
- Data as of
- 06/2022
- EIN
- 31-1769026
Organization Overview
Arts In College Preparatory Academy is located in Columbus, OH. The organization was established in 2005. According to its NTEE Classification (B29) the organization is classified as: Charter 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. Arts In College Preparatory 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 06/2022, Arts In College Preparatory Academy generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 7.6% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE STUDENTS WITH ACADEMIC AND ARTISTIC KNOWLEDGE AND THE SKILLS NECESSARY TO BE SUCCESSFUL IN COLLEGE. THE ORGANIZATION STRIVES TO CREATE A SAFE ENVIRONMENT FOR ALL STUDENTS BY DEMONSTRATING RESPECT AND SAFETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE STUDENTS WITH ACADEMIC AND ARTISTIC KNOWLEDGE AND THE SKILLS NECESSARY TO BE SUCCESSFUL IN COLLEGE. THE ORGANIZATION STRIVES TO CREATE A SAFE ENVIRONMENT FOR ALL STUDENTS BY DEMONSTRATING RESPECT AND SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Levitt Board President | OfficerTrustee | 0.5 | $0 |
Kysten Palmore Board Member | Trustee | 0.5 | $0 |
Jami Goldstein Board Member | Trustee | 0.5 | $0 |
Robert Vitale Board Member | Trustee | 0.5 | $0 |
Joe Ewig Board Member | Trustee | 0.5 | $0 |
Dan Lamb Treasurer | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arlene's Cuisine Food | 6/29/20 | $127,929 |
Lehmam Daman Construction | 6/29/20 | $1,890,681 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,668,495 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,889 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,687,384 |
| Total Program Service Revenue | $73,460 |
| Investment income | $996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $5,761,840 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,534,200 |
| Pension plan accruals and contributions | $434,268 |
| Other employee benefits | $72,681 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $872,529 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $45,239 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $47,270 |
| Interest | $156,126 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $290,718 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,930,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,407,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $591,174 |
| Accounts receivable, net | $30 |
| 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 | $13,215 |
| Net Land, buildings, and equipment | $7,838,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,697,332 |
| Total assets | $12,548,006 |
| Accounts payable and accrued expenses | $325,812 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $2,818,039 |
| Other liabilities | $4,426,621 |
| Total liabilities | $7,570,472 |
| Net assets without donor restrictions | -$717,826 |
| Net assets with donor restrictions | $0 |
| 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 | $12,548,006 |