Ivy Preparatory Academy Incorporated
- Assets
- $13.1m
- Revenue
- $7.7m
- Investments
- $0.0
- Employees
- 64
- Location
- Atlanta, GA
- Founding
- 12/2004
- Data as of
- 06/2022
- EIN
- 05-0615843
Organization Overview
Ivy Preparatory Academy Incorporated, operating under the name Ivy Preparatory Academy-Kirkwo, is located in Atlanta, GA. The organization was established in 2004. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. As of 06/2022, Ivy Preparatory Academy-Kirkwo employed 64 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ivy Preparatory Academy-Kirkwo 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, Ivy Preparatory Academy-Kirkwo generated $7.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $7.5m during the year ending 06/2022. While expenses have increased by 6.7% 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
OPERATION OF CHARTER SCHOOL AND RELATED SUPPORT SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION AND RELATED SERVICES TO STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charcia Nichols Head Of School | Officer | 0 | $120,000 |
Ronnie Banyard Board Member | Officer | 2 | $0 |
Kristie Hornsby-Battle Board Member | Officer | 2 | $0 |
Rashawn D Kemp Chairman | Officer | 2 | $0 |
Tonye Durr Board Member | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,834,990 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,834,990 |
| Total Program Service Revenue | $5,580,083 |
| 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 | $7,743,445 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $977,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,741,451 |
| Total functional expenses | $7,457,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,504,427 |
| Savings and temporary cash investments | $2,300,557 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,593 |
| 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 | $38,239 |
| Net Land, buildings, and equipment | $7,156,631 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,768,987 |
| Total assets | $13,093,434 |
| Accounts payable and accrued expenses | $102,548 |
| 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 | $11,415,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,967,268 |
| Total liabilities | $16,484,816 |
| Net assets without donor restrictions | -$3,391,382 |
| 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 | $13,093,434 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ivy Preparatory Academy Incorporated has recieved totaling $15,005.
| Awarding Organization | Amount |
|---|---|
Project Lead The Way Inc Indianapolis, IN PURPOSE: Program Implementation | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christ School Inc Arden, NC | $45,623,697 | $22,399,762 |
Southside Christian School Upstate Simpsonville, SC | $26,226,649 | $22,389,092 |
St Davids School Raleigh, NC | $32,628,531 | $17,520,873 |
Admiral Farragut Academy Inc St Petersburg, FL | $21,987,210 | $17,628,245 |
Webb School Bell Buckle, TN | $70,401,090 | $18,551,010 |
The Pepin Academies Inc Riverview, FL | $29,193,079 | $15,292,981 |
American Hebrew Academy Inc Greensboro, NC | $66,328,577 | $16,098,225 |
Oak Hall Private School Gainesville, FL | $28,822,361 | $15,634,041 |
Atlanta Jewish Academy Inc Atlanta, GA | $22,350,554 | $15,415,216 |
University School Of Jackson Jackson, TN | $24,986,142 | $15,584,581 |
The Felicia Penzell Weber Jewish Community High School Inc Atlanta, GA | $43,433,763 | $21,423,275 |
St Josephs Catholic School Inc Greenville, SC | $14,971,658 | $11,855,482 |