College Park Academy Inc
- Assets
- $18.6m
- Revenue
- $10.3m
- Investments
- $2.9m
- Employees
- 95
- Location
- Riverdale Park, MD
- Founding
- 09/2013
- Data as of
- 06/2024
- EIN
- 46-2980755
Organization Overview
College Park Academy Inc is located in Riverdale Park, MD. The organization was established in 2013. According to its NTEE Classification (B29) the organization is classified as: Charter Schools, under the broad grouping of Education and related organizations. As of 06/2024, College Park Academy Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. College Park 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, College Park Academy Inc generated $10.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $9.4m during the year ending 06/2024. While expenses have increased by 9.5% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A RIGOROUS COLLEGE-PREP SCHOOL FOR STUDENTS IN SIXTH THROUGH TWELFTH GRADE WITH ROBUST EXTRACURRICULAR ENRICHMENT PROGRAMS AND EARLY COLLEGE CREDIT OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COLLEGE PARK ACADEMY SERVES STUDENTS IN SIXTH THROUGH TWELFTH GRADES, AND PROVIDES THEM WITH A ROBUST EDUCATIONAL CURRICULUM THAT WILL PREPARE THEM FOR COLLEGE. DURING THE 2023-2024 SCHOOL YEAR, THE ACADEMY HAD 681 STUDENTS ENROLLED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Abu-Arja Executive Director | Officer | 45 | $181,151 |
Robert Day Chair | OfficerTrustee | 0.5 | $0 |
Donna Wiseman Vice Chair As Of January 2024 | OfficerTrustee | 0.5 | $0 |
Dr Segun Eubanks Vice Chair Until January 2024 | OfficerTrustee | 0.5 | $0 |
Robert Catlin Treasurer | OfficerTrustee | 0.5 | $0 |
Carlo Colella Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Connections Education Llc Online Curriculum | 6/29/24 | $884,530 |
Cbmc Group Inc Janitorial Services | 6/29/24 | $271,069 |
Livecreateplay Llc Artwork Installation | 6/29/24 | $110,648 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $305,964 |
| All other contributions, gifts, grants, and similar amounts not included above | $907 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $306,871 |
| Total Program Service Revenue | $9,715,097 |
| Investment income | $280,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,088 |
| 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 | $674 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,307,493 |
| 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. | $193,050 |
| Compensation of current officers, directors, key employees. | $15,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,817,376 |
| Pension plan accruals and contributions | $8,005 |
| Other employee benefits | $417,321 |
| Payroll taxes | $381,974 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,830 |
| Fees for services: Accounting | $79,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $196,966 |
| Advertising and promotion | $0 |
| Office expenses | $68,105 |
| Information technology | $97,128 |
| Royalties | $0 |
| Occupancy | $1,666,189 |
| Travel | $6,655 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,785 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $273,130 |
| Insurance | $37,150 |
| All other expenses | $0 |
| Total functional expenses | $9,367,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,067 |
| Savings and temporary cash investments | $4,787,291 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,172 |
| 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 | $193,757 |
| Net Land, buildings, and equipment | $2,317,513 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,875,840 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,213,221 |
| Total assets | $18,570,861 |
| Accounts payable and accrued expenses | $188,853 |
| Grants payable | $0 |
| Deferred revenue | $484,538 |
| 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 | $11,171,758 |
| Total liabilities | $11,845,149 |
| Net assets without donor restrictions | $6,722,108 |
| Net assets with donor restrictions | $3,604 |
| 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 | $18,570,861 |