Ogden Preparatory Academy Inc
- Assets
- $28.6m
- Revenue
- $12.4m
- Investments
- $0.0
- Employees
- 227
- Location
- Ogden, UT
- Founding
- 11/2004
- Data as of
- 06/2023
- EIN
- 35-2210009
Organization Overview
Ogden Preparatory Academy Inc is located in Ogden, UT. The organization was established in 2004. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2023, Ogden Preparatory Academy Inc employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ogden Preparatory Academy Inc 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 06/2023, Ogden Preparatory Academy Inc generated $12.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $12.0m during the year ending 06/2023. While expenses have increased by 9.1% per year over the past 4 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A CHALLENGING CURRICULUM AND A SAFE ENVIRONMENT FOR ACADEMIC GROWTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL EDUCATION FUND
LUNCH PROGRAM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Mejeur Board Chair | Trustee | 3 | $0 |
Stefanie Zwygart Board Member | Trustee | 3 | $0 |
Mark Swenson Board Member | Trustee | 3 | $0 |
Jessica Howell Board Member | Trustee | 3 | $0 |
Debbie Deem Business Director | Officer | 40 | $106,694 |
Shevon Lopez Principal | 40 | $106,037 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
One West Construction Construction Services | 6/29/23 | $1,297,107 |
Something To Talk About Speech Services | 6/29/23 | $290,262 |
Silverpeak Engineering Engineering | 6/29/23 | $183,853 |
Red Apple Financial Business Services | 6/29/23 | $178,840 |
Advanced Building Care Janitorial Services | 6/29/23 | $142,488 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,757,220 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,788,360 |
| Total Program Service Revenue | $239,456 |
| Investment income | $332,929 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,120 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,359,625 |
| 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. | $141,519 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,633,193 |
| Pension plan accruals and contributions | $149,236 |
| Other employee benefits | $587,232 |
| Payroll taxes | $504,004 |
| Fees for services: Management | $85,680 |
| Fees for services: Legal | $1,142 |
| Fees for services: Accounting | $56,966 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $297,306 |
| Advertising and promotion | $1,825 |
| Office expenses | $0 |
| Information technology | $54,812 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $36,381 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,399,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $455,252 |
| Insurance | $40,680 |
| All other expenses | $15,961 |
| Total functional expenses | $12,001,687 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $912,109 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,280,230 |
| Accounts receivable, net | $3,671 |
| 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 | $61,183 |
| Net Land, buildings, and equipment | $17,883,384 |
| Investments—publicly traded securities | $8,481,084 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,621,661 |
| Accounts payable and accrued expenses | $1,474,358 |
| Grants payable | $0 |
| Deferred revenue | $289,029 |
| Tax-exempt bond liabilities | $21,107,244 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $100,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $22,970,631 |
| Net assets without donor restrictions | $620,699 |
| Net assets with donor restrictions | $5,030,331 |
| 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 | $28,621,661 |