Preparatory Academy Inc
- Assets
- $13.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lutz, FL
- Founding
- 03/2015
- Data as of
- 06/2024
- EIN
- 46-2687759
Organization Overview
Preparatory Academy Inc is located in Lutz, FL. The organization was established in 2015. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary 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. 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 06/2024, Preparatory Academy Inc generated $80.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $80.5k during the year ending 06/2024. While expenses have increased by 31.4% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PREPARATORY ACADEMY PARTNERED WITH TAMPA HOMESCHOOLERS TO PROVIDE ACADEMIC PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Lang Director; President & Treasurer | 20 | $24,000 | |
Christy Bebeau Director; Secretary & Program Administrator | 1 | $0 | |
Katherine George Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $331 |
| Total Program Service Revenue | $80,175 |
| Membership dues | $0 |
| Investment income | $18 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $80,524 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,839 |
| Professional fees and other payments to independent contractors | $4,698 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $461 |
| Other expenses | $32,513 |
| Total expenses | $80,511 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,285 |
| Other assets | $0 |
| Total assets | $13,493 |
| Total liabilities | $28,605 |
| Net assets or fund balances | -$15,112 |