Owasso Preparatory Academy Incorporated
- Assets
- $695.9k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 48
- Location
- Owasso, OK
- Founding
- 09/2017
- Data as of
- 06/2022
- EIN
- 81-3075864
Organization Overview
Owasso Preparatory Academy Incorporated is located in Owasso, OK. The organization was established in 2017. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Owasso Preparatory Academy Incorporated employed 48 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Owasso Preparatory Academy Incorporated 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, Owasso Preparatory Academy Incorporated generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 41.3% each year . All expenses for the organization totaled $947.2k during the year ending 06/2022. While expenses have increased by 42.0% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OWASSO PREPARATORY ACADEMY IS A PRIVATE CHRISTIAN SCHOOL IN THE UNIVERSITY-MODEL. THE CORPORATION'S MISSION IS TO PARTNER WITH PARENTS TO PREPARE STUDENTS FOR HIGHER EDUCATION THROUGH EXCEPTIONAL ACADEMICS, QUALITY EXTRACURRICULAR ACTIVITIES, AND PURPOSEFUL DEVELOPMENT OF CHRIST-LIKE CHARACTER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWASSO PREPARATORY ACADEMY PROVIDES EDUCATION AND TRAINING IN LANGUAGE, ARTS, MATHEMATICS, SCIENCE, HISTORY, PHYSICAL EDUCATION, AND VARIOUS EXTRACURRICULAR CLASSES. EXTRACURRICULAR CLASSES OFFERED IN THE 2021-2022 ACADEMIC YEAR INCLUDED SPANISH, ART, MUSIC, AND DRAMA. THE ACADEMY HAD 225 STUDENTS ENROLLED IN THE 2020-2021 SCHOOL YEAR, 178 STUDENTS ENROLLED IN THE 2019-2020 SCHOOL YEAR,140 STUDENTS ENROLLED IN THE 2018-2019 SCHOOL YEAR AND 86 STUDENTS ENROLLED IN THE 2017-2018 SCHOOL YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tiffany Rinas Board Officer | OfficerTrustee | 2 | $23,729 |
Emily Meade Secretary | OfficerTrustee | 2 | $0 |
Craig Rinas President Chairman | OfficerTrustee | 2 | $0 |
Christy Rowden Vice Pres Chairman | OfficerTrustee | 2 | $0 |
Katie Baskins Board Officer | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $62,676 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $21,686 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,362 |
| Total Program Service Revenue | $973,415 |
| Investment income | $0 |
| 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 | $1,057,777 |
| 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. | $23,729 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,621 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,935 |
| Payroll taxes | $47,752 |
| Fees for services: Management | $29,247 |
| 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 | $37,345 |
| Advertising and promotion | $3,436 |
| Office expenses | $8,168 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,543 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,246 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,255 |
| Insurance | $10,069 |
| All other expenses | $0 |
| Total functional expenses | $947,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $609,947 |
| Savings and temporary cash investments | $1,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $7,431 |
| Net Land, buildings, and equipment | $75,531 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,960 |
| Total assets | $695,869 |
| Accounts payable and accrued expenses | $1,960 |
| Grants payable | $0 |
| Deferred revenue | $319,567 |
| 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 | $0 |
| Total liabilities | $321,527 |
| Net assets without donor restrictions | $336,797 |
| Net assets with donor restrictions | $37,545 |
| 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 | $695,869 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Owasso Preparatory Academy Incorporated has recieved totaling $62.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $62 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |
Kinkaid School Inc Houston, TX | $122,042,370 | $52,090,713 |
St Johns School Houston, TX | $423,318,238 | $58,605,665 |
Hockaday School Dallas, TX | $327,432,445 | $61,281,462 |
Trinity Basin Preparatory Inc Grand Prairie, TX | $147,305,445 | $57,426,553 |
Greenhill School Addison, TX | $147,490,301 | $53,613,950 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
St Marks School Of Texas Dallas, TX | $307,638,954 | $39,530,532 |
Tlc Academy San Angelo, TX | $61,295,304 | $42,259,776 |
Episcopal School Of Dallas Inc Dallas, TX | $115,874,541 | $40,283,303 |
John Cooper School The Woodlands, TX | $108,804,128 | $40,380,579 |